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Jakarta Post

Rp 185.3t invested in Indonesia in first quarter, up 11% yoy

Rp 185.3t invested in Indonesia in first quarter, up 11% yoy The first center span of the Halltekamp Bridge is installed on Feb. 21 in Jayapura, West Papua. The bridge is expected to be completed in October this year. The parts of the bridge are built in Surabaya and shipped to Jayapura on a 17-day tugboat voyage. (JP/Nethy Dharma Somba)
Rachmadea Aisyah
Jakarta   ●   Tue, May 1, 2018 2018-05-01 07:18 1106 a7124a1e87885b91d244660f9e1549fe 1 Business investment,Q1,BKPM Free

The Indonesian Coordinating Investment Board (BKPM) says the country booked a total of Rp 185.3 trillion (US$13.32 billion) in investment from both domestic and overseas investors in the first quarter of 2018.

The figure marks an increase of 3.2 percent over the previous quarter and of 11 percent from to corresponding period of last year.

Singapore and Japan remained the top countries of origin for foreign investment, accounting for $2.322 billion and $996.6 million, respectively, followed by China and South Korea.

Most investors preferred to invest in the property and industrial sector (14 percent) and the metal, electronics and machinery sector (12.3 percent).

West Java and Jakarta are still the most attractive regions to invest in, as a total of Rp 65.9 trillion went to the two provinces.

BKPM head Thomas Lembong told a press conference that a series of economic reforms had contributed to the investment growth, but he added that more could be done to attract funds.

He said the government had prepared more reforms for this year, such as a revision of tax holiday regulations by the Finance Ministry, a revision of a presidential decree to simplify the processing of foreigners’ work permits and the introduction of an integrated online single submission (OSS) system. (bbn)