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Jakarta Post

FDI bullish but more regulatory improvements needed

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Tue, July 30, 2019   /  07:06 pm
The Jakarta Post Image
President Joko “Jokowi” Widodo (sitting, center), accompanied by Coordinating Economic Minister Darmin Nasution (right) and Investment Coordinating Board (BKPM) head Thomas Lembong (second right) visit the Online Single Submission (OSS) consultation center at the BKPM office in Jakarta on Monday. The office for the OSS, an integrated government licensing service, was moved to the BKPM recently from the Office of the Coordinating Economic Minister. (Antara/Wahyu Putro A.)

Stakeholders have lauded Indonesia’s success in boosting investment realization in the first half of this year but said more effort was needed to ensure the sustainability of the growth. Foreign direct investment (FDI) realization grew by 4 percent year-on-year (yoy) to Rp 212.8 trillion (US$15.2 billion) in the first six months of this year. Despite the seemingly sluggish growth, it was better than the achievement in the same period last year when it contracted by 1.1 percent yoy, the Coordinating Investment Board (BKPM) reported on Tuesday. Foreign business representatives offered optimistic views on Indonesia’s investment climate until year-end despite external turbulence and notable regulatory drawbacks. “Indonesia remains an attractive destination for FDI, mostly due to its large domestic market and relative political stability. The [presidential and legis...