“We would like to thank you for this cooperation initiative. The Covid-19 pandemic has definitely impacted investment growth in Indonesia. Although investment realization grew in the first quarter of 2020, foreign investment (PMA) declined. Through this cooperation with DBS, we hope to create synergy and exchange information to support efforts to accelerate investment in Indonesia,” said Bahlil in his speech.
Under the cooperation agreement, investors can gain several benefits, including information regarding policies and regulations on capital investment, as well as education on banking services they need. Investors also will be facilitated in processing their licenses, meeting regulatory requirements and banking activation, as well as handling of problems encountered in realizing their investment.
“As one of the largest banks in Asia, our reach spans the region where we are confident we can play an active role, not only in promoting investment but also in facilitating foreign investment in Indonesia as well as capital investment by national business players in various countries where DBS operates,” said DBS Bank Indonesia President Director Paulus Sutisna.
In addition, investors will be equipped with economic knowledge, such as quarterly market and industry updates by DBS Bank economists, as well as advice on banking regulations that include Financial Services Authority’s (OJK) routine updates and the central bank’s regulations and requirements. The cooperation between the BKPM and DBS Bank Indonesia also covers an ecosystem of supply chain connectivity to promote local small and medium-sized businesses (UKM).
Bahlil said that the joint agreement was carried out to attract foreign investment into Indonesia. With many DBS Bank customers abroad, BKPM hopes that DBS Bank attracts incoming investors and subsequently the Government’s obligation to facilitate investor’s needs, accelerate licensing, provide necessary information related to investment. “This is my first time signing a partnership with banking. This is not limited to signing, but also we immediately contribute positively to the nation and state. We both realize a better Indonesia,” said Bahlil responding to the questions from the media.
With this cooperation, DBS Bank Indonesia will provide services for investors, such as account opening with a one-door application, transactional banking solution as digital solution, trading services, and cash management. This cooperation also covers promotional activity and banking services development which is available in DBS Bank Indonesia.
“Cooperation between BKPM and DBS Bank Indonesia in line with our goals to run a sustainable business. Through this joint promotion, DBS Bank as a trusted business partner, wants to give the most advanced and trusted banking services for customers and potential investors by giving service facilities and products that simplify business in investing. We expect to play a very active role to support customer’s business development, as well as encourage economic growth in the country through the increased growth of Foreign Direct Investment (FDI) development in Indonesia,” said Paulus Sutisna, President Director of DBS Bank Indonesia.
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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
