28 Jul '15, 9am

Best time to invest in #Indonesia is now, says President #Widodo

SINGAPORE - Indonesia is at the end of a commodities boom and in the midst of a "cyclical downturn", but investors who brave uncertainty and venture early into the country will "reap great profit", Indonesian President Joko Widodo said on Tuesday. "The world is full of uncertainty and risk - it means that today is the best time to invest... We still have a lot of work to do in Indonesia," he told a gathering of business leaders at the Singapore-Indonesia business dialogue which was organised by the Indonesian Chamber of Commerce and Industry and the Singapore Business Federation. In his key-note address, Mr Joko urged the gathering of nearly 150 business leaders to "invest early" in Asean's largest economy. The president, who is on a maiden state visit to Singapore, recalled when the Asian financial crisis struck in 1997, many "brave investors" - Singaporeans among them - ...

Full article: http://www.straitstimes.com/business/best-time-to-invest-...

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