Jakarta — The Investment Coordinating Board (BKPM) signed on Wednesday (31/05) a memorandum of understanding with the Indonesian branch of British lender Standard Chartered Bank to jointly promote investment opportunities and banking services. For BKPM, the cooperation is expected to result in more investors, while the lender hopes to see it translates to more clients. The two-year agreement will see Standard Chartered promote Indonesia as an investment destination to its clients, primarily in Asia, Africa and the Middle East, through its existing Japan and South Korea special desks, as well as through promotional events. The bank will hold an investment forum with BKPM branch in Taiwan on June 14 to attract more investors. It follows a meeting with around 30 business people from China on May 30, during which they expressed interest in the manufacturing and infrastructure sectors, Standard Chartered Indonesia CEO Rino Donny Donosepoetro said. The BKPM on the other hand, will make Standard Chartered one of its main bank partners to facilitate investors’ banking needs. “This is one of BKPM’s efforts to increase investment,” BKPM Head Thomas Lembong said. Data from the BKPM show that the total amount of realized direct investment in the first quarter reached Rp 165.8 trillion (US$12.45 billion) or almost 25 percent of this year’s target of Rp 678.8 trillion.