The Investment Coordinating Board (BKPM) has set an investment realization target of Rp 886 trillion (US$64.9 billion) this year as it seeks to facilitate the completion of stalled investment projects with economic conditions projected to become more favorable.
The target is 9.4 percent higher than the recorded investment realization of Rp 809.6 trillion last year.
“Most of the stalled investment projects are those of energy and electricity companies in addition to the petrochemical and automotive industries,” said Farah Ratnadewi Indriani, the agency’s deputy director for investment climate development, during a press conference in Jakarta on Wednesday.
Farah added that the completion of the stalled investment projects was an integral to reaching the agency’s target this year.
The BKPM exceeded its 2019...
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