TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
BKPM upbeat over $43b investment target
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Land of opportunity: Investment Coordinating Board (BKPM) chairman Thomas Lembong (left) and Citi Indonesia CEO Batara Sianturi sign a memorandum of understanding (MoU) in Jakarta on Sept. 20, aimed at increasing investment in Indonesia. (JP/Anton Hermansyah)
T
he Investment Coordinating Board (BKPM) is upbeat that the country will reach the investment realization target of Rp 594 trillion (US$43.8 billion) this year, claiming that the country remains attractive to foreign investors despite the global economic slowdown.
“We will reveal the figure of 2016 investment realization soon. I am positive about it [the target]. Moreover, I think next year we can set a more ambitious target than this year,” BKPM chief Thomas Lembong said on Thursday, expressing his confidence in President Joko “Jokowi” Widodo’s pro-investment policy.
BKPM data shows that Indonesia, as of September, pocketed Rp 453 trillion in realized investment, up 13.4 percent from the corresponding period last year.
The figure consists of Rp 295 trillion in foreign investment and Rp 158 trillion in domestic investment, an increase of 10.6 percent and 18.8 percent, respectively, from the same period last year. (adt/hwa)
