November 6, 2025 | 04:13 pm
TEMPO.CO, Jakarta - President Prabowo Subianto emphasized the importance of supporting foreign investment, highlighting the benefits it brings to Indonesia’s economy and society.
Prabowo made the remarks during the inauguration of the New Ethylene Project at PT Lotte Chemical Indonesia in Cilegon, Banten, on Thursday, November 6, 2025, as streamed on the Presidential Secretariat’s YouTube channel.
“We should support foreign investment. Let us provide benefits together,” he said.
The former defense minister noted that Indonesia feels honored to partner with foreign investors who have trusted the country with their capital.
“Partners from abroad, investing their hard-earned money here, have believed in us for decades,” Prabowo said.
He stressed that maintaining this trust requires ensuring a comfortable and welcoming environment for investors.
“We must secure and keep them comfortable here. We accept them with open hearts and hands, and there should be no elements that disturb them. We should respect each other and give kindness,” he added.
Prabowo also underscored that investment depends on trust and consistency in upholding the law. “With trust, the Indonesian nation can move quickly toward prosperity,” he said.
During the ceremony, Prabowo officially inaugurated PT Lotte Chemical Indonesia’s New Ethylene Project. He described the operational launch of the factory as a proud milestone and reiterated the government’s commitment to supporting foreign investment.
“I, Prabowo Subianto, President of the Republic of Indonesia, inaugurate PT Lotte Chemical Indonesia, located in Cilegon, Banten,” he said, as reported by Antara.
The project, developed by the South Korean company, is the company’s fifth global facility and Indonesia’s largest modern petrochemical plant.
The factory occupies 107.8 hectares (1.08 million square meters) and represents an investment of around US$4 billion (approximately Rp 66.84 trillion at an exchange rate of Rp16,710 per US dollar).
PT Lotte Chemical Indonesia will produce several strategic petrochemical products, including 1,000 kilotons per year (kTA) of ethylene, 520 kTA of propylene, 350 kTA of polypropylene, 140 kTA of butadiene, and 400 kTA of BTX (benzene, toluene, xylene). The facility is expected to employ tens of thousands of workers.
Following its factories in South Korea, Mexico, the United States, and Malaysia, this fifth facility positions Lotte Chemical within a global chemical sales network totaling US$56 billion in 2024.
Editor’s Choice: CSIS Criticizes Prabowo for Lack of Participation in ASEAN Summit
Click here to get the latest news updates from Tempo on Google News
CSIS Criticizes Prabowo for Lack of Participation in ASEAN Summit
9 jam lalu
The Center for Strategic and International Studies (CSIS) Indonesia criticizes President Prabowo Subianto's lack of participation in the ASEAN Summit.
IKN Authority Head Reveals Rp225 Trillion in Investment Commitments
19 jam lalu
The investment commitment in the IKN includes Rp66.3 trillion in private investments and Rp158.72 trillion through the public-private partnership.
Regent Ipuk Hails Prabowo's Vision to Extend Whoosh to Banyuwangi as Good News
23 jam lalu
Regent Ipuk stated that extending the high-speed train or Whoosh to Banyuwangi would strengthen inter-regional connectivity and boost tourism.
Double Burden Weighs on State-Owned Banks in Prabowo's Era
1 hari lalu
The government's Rp200 trillion fund placed in state-owned banks is nearly exhausted for business loans.
Key Points from Prabowo's Speech on Taking Up Whoosh High-Speed Train Debt
1 hari lalu
During the inauguration of the new Tanah Abang Station yesterday, President Prabowo Subianto discussed the debt burden of the Jakarta-Bandung high-speed train, also known as Whoosh, which has been in the public spotlight.
Former Minister Ignasius Jonan Reveals Details of His Two-Hour Meeting with Prabowo
1 hari lalu
Indonesia's former Transportation Minister Ignasius Jonan revealed the details of his two-hour meeting with President Prabowo Subianto.
Perindo Supports Prabowo's Initiatives-Free Nutritious Meals to People's Schools
1 hari lalu
Angela Tanoesoedibjo, the Chair of Perindo Party, expressed her support for Indonesian President Prabowo Subianto's programs like free nutritious meal
Minister: Prabowo Government's Success Hinges on Free Meal Program
1 hari lalu
The MBG program has been one of Prabowo's key priorities since his 2024 presidential campaign.
Prabowo Calls Cabinet Meeting After Vowing to Take Over Whoosh Debt Burden
1 hari lalu
Tempo's observations showed that President Prabowo's ministers began arriving at the Presidential Palace Complex around 02:00 PM local time.
Prabowo Seeks to Take Indonesia's Whoosh High-Speed Train to Java's Eastern Tip
1 hari lalu
President Prabowo Subianto expressed his desire to extend the Whoosh high-speed train route from Jakarta to Bandung to reach the eastern tip of Java, Banyuwangi.
