REPUBLIKA.CO.ID, JAKARTA - Kao Corporation, one of the Japanese investors in Indonesia, is expecting a more conducive investment climate in Indonesia after the presidential election on July 9.

"At the moment, Kao is observing the situation, and we do hope the presidential election will run smoothly. Hence, after the election, the investment climate might become more conducive," PT Kao Indonesia's Vice President and Director Sales Division Jimmy Agus Liono said at the Karawang International Industry Center (KIIC) in West Java on Thursday.

Liono added that the more stable the political condition in Indonesia, the more business sectors would grow, as the investors would continue their investment or even increase quantity. "It is possible that other investors will also do business in Indonesia," he added.

Liono noted that Indonesia currently was enjoying the so-called "demographic bonus," in which the productive age to work was as much as its growing middle class.

"The demographic bonus will ensure Indonesia's growth in the next 20-30 years," he said.

The President and CEO of Kao Corporation Japan, Michitaka Sawada, noted that Indonesia was a potential market in the Asian region, mainly in Southeast Asia.

Despite the corporate's interest in doing business in Indonesia, Sawada stressed that Kao aimed to contribute to domestic development through good corporate citizen program, such as creation of employment and transferring technology.

The current market share of Kao Corporation in the global market was 70 percent, of which Indonesia alone shared 20 percent, which makes the country a potential region for business development.

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