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Jakarta Post

Govt confident of double-digit foreign investment growth

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Thu, June 20 2019   /  02:50 am

The government is still confident of achieving a double-digit growth in foreign investment this year despite continuing uncertainties in the global economy that have scared multinational companies away from expanding their business.Investment Coordinating Board (BKPM) head Thomas Lembong said investors, particularly foreign ones, still perceived Indonesia to be a country with a stable investment climate as many other nations around the world had been disrupted economically.He said the perspective of stability surfaced following Indonesia’s success in holding a presidential election in April and in curbing the unrest that arose afterward. “My prediction is that the full-year figure for investments will reach a double-digit growth, both in foreign and domestic investments,” Thomas told reporters on the sidelines of an event on Tuesday. “We should keep foreign investments as a posit...