Latest news with #ChartsiriSophonpanich
Bangkok Post
03-07-2025
- Business
- Bangkok Post
Bangkok Bank touts Thai SMEs in Indonesia
Bangkok Bank (BBL) stands ready to support Thai medium-sized enterprises expanding to Indonesia, where opportunities are growing across various supply chain industries. Speaking on Wednesday at the 2025 Indonesia Investment and Trade Forum hosted by Bangkok Bank and its Indonesia operation Permata Bank, BBL president Chartsiri Sophonpanich said Indonesia offers strong economic and social potential, with GDP per person rising from US$3,370 in 2015 to $4,980 last year, reflecting rising national wealth and an attractive investment destination. In addition to supporting large local corporations investing in Indonesia, the bank is also prepared to assist small and medium-sized enterprises (SMEs) seeking to expand into the regional market. These medium-sized businesses often play a crucial role in the supply chains of various industries, he said. "The growth of Indonesia's middle class and national wealth will help drive the expansion of Thai SMEs in supply chain sectors such as food and beverage, renewable energy, automotive parts, manufacturing and infrastructure," said Mr Chartsiri. However, he warned businesses must navigate increasing challenges driven by four major global shifts: climate change, technological advancement, geopolitical and economic volatility, and the relocation of production bases amid deglobalisation. Diversifying into high-growth markets such as Indonesia can help to manage risk while unlocking greater opportunities, said Mr Chartsiri. Regarding the recent suspension of Prime Minister Paetongtarn Shinawatra by the Constitutional Court, he said it is unlikely to significantly impact the government's operations. The cabinet is expected to continue functioning as usual and House dissolution is not anticipated. BBL plans to monitor the political situation, said Mr Chartsiri. Pandu Sjahrir, chief investment officer of Indonesia's sovereign wealth fund Daya Anagata Nusantara, said during the forum trade and investment between Thailand and Indonesia have grown steadily in recent years. As of the first quarter of 2025, Thailand's cumulative investment in Indonesia tallied $1.4 billion, with key contributions from the chemical and pharmaceutical, rubber and plastics, mining, food, automotive and transport sectors. Foreign direct investment by Thai investors in Indonesia, particularly in the chemical, renewable energy and automotive sectors, supported the country's sustainable growth and green transformation, he said. Major contributors include Thai corporations such as PTT Global Chemical, Ratch Group, Egco Group, SCG and Thai Summit Group. "Thailand is well-positioned to support Indonesia's economic transformation through high-impact investments in critical sectors such as chemicals, renewable energy and infrastructure," Mr Pandu said. He said Indonesia is focusing on eight priority sectors: minerals (particularly nickel and bauxite), renewable energy (including upstream oil and renewable platforms), digital infrastructure (such as data centres), healthcare, financial services, utilities and infrastructure, industrial estates and property, as well as food and agriculture.
Bangkok Post
02-07-2025
- Business
- Bangkok Post
BBL touts Thai SMEs in Indonesia
Bangkok Bank (BBL) stands ready to support Thai medium-sized enterprises expanding to Indonesia, where opportunities are growing across various supply chain industries. Speaking on Wednesday at the 2025 Indonesia Investment and Trade Forum hosted by Bangkok Bank and its Indonesia operation Permata Bank, BBL president Chartsiri Sophonpanich said Indonesia offers strong economic and social potential, with GDP per person rising from US$3,370 in 2015 to $4,980 last year, reflecting rising national wealth and an attractive investment destination. In addition to supporting large local corporations investing in Indonesia, the bank is also prepared to assist small and medium-sized enterprises (SMEs) seeking to expand into the regional market. These medium-sized businesses often play a crucial role in the supply chains of various industries, he said. "The growth of Indonesia's middle class and national wealth will help drive the expansion of Thai SMEs in supply chain sectors such as food and beverage, renewable energy, automotive parts, manufacturing and infrastructure," said Mr Chartsiri. However, he warned businesses must navigate increasing challenges driven by four major global shifts: climate change, technological advancement, geopolitical and economic volatility, and the relocation of production bases amid deglobalisation. Diversifying into high-growth markets such as Indonesia can help to manage risk while unlocking greater opportunities, said Mr Chartsiri. Regarding the recent suspension of Prime Minister Paetongtarn Shinawatra by the Constitutional Court, he said it is unlikely to significantly impact the government's operations. The cabinet is expected to continue functioning as usual and House dissolution is not anticipated. BBL plans to monitor the political situation, said Mr Chartsiri. Pandu Sjahrir, chief investment officer of Indonesia's sovereign wealth fund Daya Anagata Nusantara, said during the forum trade and investment between Thailand and Indonesia have grown steadily in recent years. As of the first quarter of 2025, Thailand's cumulative investment in Indonesia tallied $1.4 billion, with key contributions from the chemical and pharmaceutical, rubber and plastics, mining, food, automotive and transport sectors. Foreign direct investment by Thai investors in Indonesia, particularly in the chemical, renewable energy and automotive sectors, supported the country's sustainable growth and green transformation, he said. Major contributors include Thai corporations such as PTT Global Chemical, Ratch Group, Egco Group, SCG and Thai Summit Group. "Thailand is well-positioned to support Indonesia's economic transformation through high-impact investments in critical sectors such as chemicals, renewable energy and infrastructure," Mr Pandu said. He said Indonesia is focusing on eight priority sectors: minerals (particularly nickel and bauxite), renewable energy (including upstream oil and renewable platforms), digital infrastructure (such as data centres), healthcare, financial services, utilities and infrastructure, industrial estates and property, as well as food and agriculture.
Bangkok Post
02-07-2025
- Business
- Bangkok Post
Bangkok Bank targets investment options in Indonesia
Bangkok Bank (BBL) sees significant business opportunities in Indonesia over the next two decades and says it is committed to supporting Thai businesses expanding into the country. Indonesia is one of the fastest-growing economies in the world, driven by government strategies, a large and youthful population of 284 million, and abundant natural resources. With these strong fundamentals, Indonesia's economy is expected to experience sustained growth over the next 20 years, said BBL president Chartsiri Sophonpanich during his visit to the bank's Indonesian branch, Permata Bank, last week. Under the Golden Indonesia Vision 2045, the country's GDP is projected to become the fourth-largest in the world. Indonesia has the 16th-largest economy with a GDP of US$1.54 trillion, and is the No.2 investment destination in Southeast Asia, attracting total foreign direct investment inflows of $105 billion. According to Permata Bank, in which BBL holds an 89.12% stake, Indonesia's GDP is projected to grow by 4.7% this year, down slightly from 5% in 2024. However, government agencies expect growth to rebound to 6.5% in 2026. Over the past decade, Indonesia's average annual GDP growth has been around 5%. He said Indonesia's recent entry into the BRICS group enhances its appeal as an investment destination, especially for businesses seeking to mitigate geopolitical risks amid global economic uncertainties. BRICS comprises 11 countries: Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran. "With Indonesia's positive growth outlook over the next 20 years, the country presents significant opportunities for Thai businesses to expand their operations and investments. BBL is well-positioned to support local enterprises in their outbound expansion, leveraging the bank's 57 years of experience in the regional market," said Mr Chartsiri. The bank already supports major Thai corporations investing in Indonesia in energy, trading, retail and manufacturing. BBL plans to support more Thai small and medium-sized enterprises eager to expand into the Indonesian market. As Thailand's largest lender and the seventh-largest bank in Southeast Asia by total assets, BBL is equipped to support both outbound and inbound investments across the region, he said. In the first half of 2024, Thai investment in Indonesia reached $225 million. Between 2017 and 2022, Thai investors contributed $1.52 billion across more than 1,400 projects in Indonesia. Indonesia remains a strategic trading partner for Thailand, with Thai exports valued at $10.3 billion in 2024. Thailand was Indonesia's fourth-largest export market, with exports to Thailand totalling $7.22 billion. Despite sluggish Thai economic growth, Mr Chartsiri said international banking will remain a driver of the bank's expansion, helping to strengthen its position as a leading regional bank.
Bangkok Post
01-07-2025
- Business
- Bangkok Post
BBL targets investment options in Indonesia
Bangkok Bank (BBL) sees significant business opportunities in Indonesia over the next two decades and says it is committed to supporting Thai businesses expanding into the country. Indonesia is one of the fastest-growing economies in the world, driven by government strategies, a large and youthful population of 284 million, and abundant natural resources. With these strong fundamentals, Indonesia's economy is expected to experience sustained growth over the next 20 years, said BBL president Chartsiri Sophonpanich during his visit to the bank's Indonesian branch, Permata Bank, last week. Under the Golden Indonesia Vision 2045, the country's GDP is projected to become the fourth-largest in the world. Indonesia has the 16th-largest economy with a GDP of US$1.54 trillion, and is the No.2 investment destination in Southeast Asia, attracting total foreign direct investment inflows of $105 billion. According to Permata Bank, in which BBL holds an 89.12% stake, Indonesia's GDP is projected to grow by 4.7% this year, down slightly from 5% in 2024. However, government agencies expect growth to rebound to 6.5% in 2026. Over the past decade, Indonesia's average annual GDP growth has been around 5%. He said Indonesia's recent entry into the BRICS group enhances its appeal as an investment destination, especially for businesses seeking to mitigate geopolitical risks amid global economic uncertainties. BRICS comprises 11 countries: Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran. "With Indonesia's positive growth outlook over the next 20 years, the country presents significant opportunities for Thai businesses to expand their operations and investments. BBL is well-positioned to support local enterprises in their outbound expansion, leveraging the bank's 57 years of experience in the regional market," said Mr Chartsiri. The bank already supports major Thai corporations investing in Indonesia in energy, trading, retail and manufacturing. BBL plans to support more Thai small and medium-sized enterprises eager to expand into the Indonesian market. As Thailand's largest lender and the seventh-largest bank in Southeast Asia by total assets, BBL is equipped to support both outbound and inbound investments across the region, he said. In the first half of 2024, Thai investment in Indonesia reached $225 million. Between 2017 and 2022, Thai investors contributed $1.52 billion across more than 1,400 projects in Indonesia. Indonesia remains a strategic trading partner for Thailand, with Thai exports valued at $10.3 billion in 2024. Thailand was Indonesia's fourth-largest export market, with exports to Thailand totalling $7.22 billion. Despite sluggish Thai economic growth, Mr Chartsiri said international banking will remain a driver of the bank's expansion, helping to strengthen its position as a leading regional bank.
