95 State-Owned Enterprises to Take Part in IBDExpo 2017

Sep 18, 2017 17:00 JST

Source: Indonesian Ministry of State Owned Enterprises / BUMN

JAKARTA, Sep 18, 2017 - (ACN Newswire) - The Indonesian Ministry of State-Owned Enterprise (MSOEs) is again presenting the Indonesia Business and Development Expo - IBDExpo 2017. Held at Jakarta Convention Center, Sept 20 - 23, the largest SOE exhibition in the country will be joined by 95 Indonesian SOEs and regionally-owned enterprises as well as a number of Singaporean enterprises, incorporated in the Singapore Business Federation, a Singaporean business community focusing on trade, investment, and industry.

Beneath the theme of "Synergy to Make Indonesia Great", this year's event is again organized by the National Publishing and News Corporation (NPNC), a consortium of four media-focused SOEs consisting of Antara News Agency, Balai Pustaka, National Publishing of Indonesia (PNRI) and Peruri.

According to Devi W. Suradji, Special Staff for Communications and Media of the Minister for SOEs, IBDExpo 2017 is designed to display the enormous progress made by the SOEs in shoring up the country's economy and promoting the national growth and public welfare. "This progress does not only refer to technological and infrastructural innovation, but also to innovation and achievement that promote the people's economy, a far-reaching economic contribution," Devi said.

Currently, the total assets of all state-owned enterprises are valued at Rp5,395 trillion with income of Rp1,728 trillion, annual tax contributions at Rp220 trillion and total annual dividend of Rp38 trillion. Capital spending by the state-owned companies in 2017 rose to Rp555 trillion - to finance development of 52 toll roads, 17 airports, 13 seaports, 19 rail tracks and other infrastructure.

Chairman of IBDExpo 2017 Hempi N. Prajudi said that this annual event is designed to enable all participating SOEs to showcase their innovations and achievements and have opportunity to interact directly with visitors. "Through this event, we encourage all of the SOEs to have direct interaction with the public; to hear their aspirations and even their complaints," said Hempi, who is also Commercial Director of Antara, Indonesia's national news agency.

Open for public and free of charge, the IBDExpo 2017 will also feature a number of flagship products and innovations from SOEs, such as a Mobile Shooting Range and military vehicles provided by PT Pindad; flight simulator and a mockup of N219 airplane by PT Dirgantara Indonesia; virtual reality technology by PT Telkom; and many more.

In addition to the exhibition segment, IBDExpo 2017 will also feature a number of side events such as thematic press conferences, which will feature SOE achievements in supporting the implementation of President Joko Widodo's Nawacita (nine ideals) vision. Speaking at the "CEO BICARA", leaders of the SOEs will talk about strategic development in the country such as the program of sea toll, the single price oil fuel program across the country, creative houses of state-owned enterprises for the SMEs, railway transport and food security.

Throughout the exhibition, the synergy between various SOEs, marked by the success of projects such as the development of the sea toll, Jakarta-Bandung high speed train and single price oil fuel program will also be on display. 25 SOEs are also offering jobs in various sectors, there will be a seminar on business opportunities, and a forum of business discussions between leaders of SOEs and private companies.

The IBDExpo 2017 is scheduled to be inaugurated by President Joko Widodo with the attendance of a number of cabinet members, legislators, ambassadors, and C-suite invitees.

About IBDExpo

The Indonesia Business & Development Expo (IBDexpo), with the support of the Ministry of State Owned Enterprises, Republic of Indonesia, related ministries and business associations, takes place Sept 20-21 in Jakarta. IBDexpo showcases the work of State Owned Enterprises and exhibits a wide range of products, investment opportunities and projects, attracting investment promotion agencies and traders from the Asia Pacific region, facilitating two-way trading & investment and the fusion of international capital and projects.

IBDexpo offers optimum opportunities for business people at Asia Pacific region to get an overview on the trade & investment climates in Indonesia. It also provides them with the one-stop shopping service for multilateral investment cooperation, helping them to select from the widest range of investment projects and business partners. For more information, please visit www.ibdexpo.com.

With the support of:
Ministry of State Owned Enterprise,
Republic of Indonesia. www.bumn.go.id.

Organized by the NPNC,
National Publishing & News Corporation.
E: info@ibdexpo.com, T: +62 21 530 3111

NPNC members:
Perum LKBN ANTARA, www.antaranews.com/en.
PT. Balai Pustaka (Persero), www.balaipustaka.co.id.
Perum Percetakan Negara Republik Indonesia, www.pnri.co.id.
Perum Produksi Film Nasional, www.pfn.co.id/id.

Source: Indonesian Ministry of State Owned Enterprises / BUMN
Sectors: Daily Finance