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Jakarta Post

BKPM on track with investment target

  • Stefani Ribka

    The Jakarta Post

Jakarta   /   Thu, July 28 2016   /  08:42 am

The Investment Coordinating Board (BKPM) is optimistic about reaching its realized investment target this year as the latest data shows that it was half way to meeting the target by the first half.

The BKPM is aiming for Rp 594.8 trillion (US$45.3 billion) worth of investment coming to the country throughout 2016, up by 9 percent from the Rp 545.4 trillion booked the previous year.

Speaking at a press conference on Wednesday, BKPM deputy director for investment monitoring and implementation Azhar Lubis said the realized investment for the January-June period had reached “half of the full-year target”.

“[We] have [hit half of the target]. Of course we hope to achieve the full-year target by continuing the fast-tracking permit process,” he told reporters.

Then BKPM chief Franky Sibarani was initially scheduled to attend the press briefing but he cancel...