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Jakarta Post

Investment realization in Jakarta highest in 5 years

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, November 10, 2017   /   08:00 pm
Investment realization in Jakarta highest in 5 years Workers finish the construction of a fish market museum in North Jakarta on Nov. 6. (JP/Seto Wardhana)

The Jakarta One-Stop Integrated Service (PTSP) has noted that investment realization in the capital from January to September this year reached Rp 74.8 trillion (US$5.5 billion), the highest in the last five years.

The figure was obtained from domestic investment (PMDN) and foreign direct investment (PMA).

According to its data, PMDN realization stood at Rp 32.7 trillion with transportation, warehouse, and telecommunication as the most attractive sectors. Meanwhile, PMA was Rp 42.1 trillion, with housing, industry and office areas as the most attractive sectors.

With the figure, the capital's investment realization increased 76 percent from a similar report released in the same period last year. At that time, realization amounted to Rp 42.5 trillion, said Jakarta PTSP head Edy Junaedi Harahap.

"This figure shows that business climate in Jakarta is improving," said Edy as quoted by recently.

Edy further said the investment was the highest since 2012. Moreover, he said, this was an achievement for PTSP as it had exceeded its key performance indicators (KPI) target in 2017 at Rp 55 trillion. (agn)