More investment is expected to materialize in Indonesia this year, as reform and hopes of a receding pandemic, boost expectations, while the government approaches bona fide companies, such as Tesla, to invest in the country. The Investment Coordinating Board (BKPM) reported on Monday that Indonesia recorded a growth in overall investment realization last year despite the global economic downturn caused by the COVID-19 pandemic. The overall investment realization grew by 2.1 percent year-on-year (yoy) to Rp 826.3 trillion (US$58.8 billion) and was higher by around 1.11 percent than the target. Domestic direct investment (DDI) realization increased by around 7 percent yoy to Rp 413.5 trillion, while that of foreign direct investment (FDI) dropped by 2.4 percent yoy to Rp 412.8 trillion. “The contribution of [domestic investment] was extraordinary during the pandemic,...