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.
Indonesia to focus on investment projects in Java this year: Top official
Change Size
Investment Coordinating Board (BKPM) head Thomas Lembong (JP/Anton Hermansyah)
I
nvestment Coordinating Board (BPKM) head Thomas Lembong says the government will prioritize investment, including in mega projects in Java, to achieve the target of Rp 765 trillion (US$54.77 billion) in 2018.
“To achieve the investment target in 2018 and also in 2019, we are forced to focus on mega projects in Java,” Thomas said on Monday as reported by kompas.com.
He explained that the Java-focused move had been taken in anticipation of worsening external conditions.
E-commerce was an attractive sector for investors, many of whom had invested in Jakarta and other regions in Java, said Lembong, adding that most investors preferred placing their money in Java.
It was only a short-term strategy to attract investors, as in the long-term, the government would continue to prioritize the development of other regions, Thomas added.
BPKM data shows that the government booked Rp 185.3 trillion in investment in the first quarter of the year, consisting of Rp 76.4 trillion in domestic investment and Rp 108.9 trillion in foreign investment. (bbn).
