Malaysia to Invest in Indonesian Startup Companies

Malaysia Venture Capital Management Berhad (MAVCAP) held a meeting with the Indonesian Chamber of Commerce and Industry to talk about e-commerce.  With the revision of negative investment list, it is expected to facilitate the state’s investment towards digital business in Indonesia.

Communications and Informatics Minister Rudiantara appreciates this intention.  However, he asked that Malaysia not only invests in funding, but also request that the cooperation can simultaneously share knowledge.  “So its not just about money, but also on the know how,” he said in Jakarta on Tuesday, Feb 23.

Rudiantara said that Malaysia’s intention to invest in the e-commerce sector is normal.  Especially when Indonesia is the largest digital economy in ASEAN.  In order to quickly achieve digital economy by 2020, Indonesia needs knowledge and experts.

Deputy of Investment Implementation Control of the Indonesian Coordinating Investment Board (BKPM) Azhar Lubis says to build a startup company, this type of financing is actually required.  This is supported by the revision of DNI.

The financing is a solution if a company wants to develop but has difficulties getting a bank loan, especially when bank loan requires collateral.  “Hopefully there will be many startup companies that can be aided,” said Azhar.