REPUBLIKA.CO.ID, JAKARTA -- The Investment Coordinating Board (BKPM) has assured Switzerland of the Indonesian Government's commitment to improve investment climate and protect foreign investment in the country.

"We have assured Switzerland of striving to reform licensing services and protect investments in accordance with Law No.25/2007 on investment," BKPM Chief Franky Sibarani said in a press statement released on Tuesday (21/4).

Sibarani met with Swiss State Minister of Economic Affairs Marie Gabrielle Ineichen-Fleisch on Monday night (April 20). At the meeting, Ineichen-Fleisch expressed her commitment to increase Swiss investment in Indonesia.

The Swiss minister also asked the Indonesian Government to ensure legal certainty and improve the country's investment climate.

"We hope that Swiss investors will increase their investment (in Indonesia)," Sibarani added.

Data from the BKPM show that between 2010 and 2014, Switzerland was ranked 14th among 108 foreign investors in Indonesia, with a total investment of US$670 million in 176 projects.

The majority of Swiss investment in Indonesia is in West Java, with US$448 million, or 67 percent of the total investment, followed by East Java (US$139 million or 21 percent), Riau Islands (US$25 million or 4 percent), Jakarta (US$17 million or 2 percent), and Banten (US$17 million or 2 percent).

In the Southeast Asian region, Indonesia is second only to Singapore as the most-favored destination of Swiss investors.

The BKPM's Sectoral Promotion Director Ikmal Lukman said a marketing team of the agency is studying Swiss investors' interests in expanding their investment in Indonesia.

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