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Jakarta Post

Indonesia optimistic about 2017 prospects, eyes Rp 678t in investment

  • Grace D. Amianti

    The Jakarta Post

Jakarta   /   Wed, January 4, 2017   /  05:57 pm
Indonesia optimistic about 2017 prospects, eyes Rp 678t in investment Investment Coordinating Board (BKPM) chief Thomas Lembong (second right) prepares to take questions from journalists in a press briefing on Jan. 4. (JP/Grace D. Amianti)

The Investment Coordinating Board (BKPM) is optimistic about the country's prospects in attracting foreign direct investment this year, as it expects to see double-digit growth in investment for 2017.

BKPM chief Thomas Lembong said he was optimistic the country would remain one of the most attractive countries in the world compared to its counterparts in other regions.

"For now, Indonesia is the safest, most stable and most reformist country because, without the need to mention names, there were impeachments of heads of state in other countries," he told reporter in a press briefing on Wednesday.

(Read also: BKPM upbeat over $43b investment target)

The BKPM, Thomas said, was aiming to book Rp 678 trillion (US$50.17 billion) in investment this year, up 14 percent from last year’s target. He was also optimistic the government would meet its investment realization target of Rp 594 trillion in 2016, although the official figure would only be announced by the end of January.

BKPM data shows that Indonesia, as of September, pocketed Rp 453 trillion in realized investment, up by 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. (hwa)

 

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