On 6 May, WACCC and the Consulate-General of the Republic of Indonesia (WA) successfully hosted the Indonesia Investment Forum in East Perth. CEO Louise Clunies Ross welcomed attendees, including President Tony Chong, Acting Consul General Emil Harry Dewantara, Mayor Patrick Hall, and Cr Terry Lee.
Acting Consul General Dewantara commenced the event with opening remarks. Director Haryo Yudho Sedewo of IIPC Sydney presented on investment opportunities in Indonesia, followed by Mr. Phil Turtle of the Australia Indonesia Business Council on doing business in Indonesia. Mr. Tony Chong moderated the Q&A session for the speakers. The event was then followed by lunch, networking, and one-to-one meetings.
The forum strengthened ties and facilitated discussions on investment potential between Australian and Indonesian business communities.
Key takeaways from the event:
- Indonesia’s GDP is projected to grow above 5% p.a., higher than its G20 (incl. China) and ASEAN peers
- Indonesia is a top global FDI destinations, #2 in Southeast Asia after Singapore
- Australia’s direct investment in Indonesia has grown over the last 5 year years, reaching US$ 0.7 B in 2024, a 48% YoY increase, with mining being the top sector at US$ 0.3 B
- Strategic sectors for investments are: downstream industry for natural resources, renewable energy, food and agriculture, health, and education, digital businesses and data centers, semiconductor, Nusantara Capital City development, and export-oriented manufacturing industries
- Harmonized policies and streamlined procedures for licensing and approvals have been implemented to make doing business in Indonesia easier
Presentation slides from the speakers can be found here.
WACCC announced an upcoming business delegation to Indonesia, Malaysia, and Singapore in August 2025. For full details and expression of interest, please refer here.
