INDONESIAN Consul General Dicky Fabrian assured that foreign businesses in Indonesia have more potential to grow as their government prioritizes inbound investments and trade opportunities.

“Foreign businesses that come to Indonesia with a clear vision yet an adaptable mind have a higher chance of blending in and forging stronger ties with the Indonesian business community,” Fabrian said during the Seminar on Doing Business in Indonesia at the House of Indonesia, Matina, Davao City on Friday, July 19.

“The Indonesian government does not only prioritize inbound investments but also place emphasis on encouraging Indonesians to expand their business abroad,” he added.

With a population of 260 million people where 50 percent are composed of ages below 28 or considered consumerist, Fabrian said Indonesia offers “bountiful opportunities for the Philippine market.”

He noted that their country ranked 73d among 190 economies in terms of competitiveness in Ease of Doing Business according to the 2019 edition of the World Bank’s report on economies.

Also, they are also targeting an increase of their gross domestic product (GDP) at 5.2 percent this year. The Philippines targets an increase of 6.4 percent.

“With these promising numbers and concurrent efforts undertaken by both our governments, it is surely a testament of our foreseeable potential partnerships and trade opportunities,” Fabrian said in his speech during the event.

In connection to this, Fabrian invited Davao’s business community to participate in the upcoming Trade Expo Indonesia 2019 on October 16 to 20 at Tanggerang, Indonesia.

Fabrian said the event is one of the biggest Business to Business export product exhibitions in Asia and will present business matching and business forum to explore trade and investment opportunities.

Admission is free, however, a pre-registration is recommended through