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Flooding Investors, Investment Coordinating Board Seeks IDR 800 Trillion Investment Until December 2019
Jakarta, Indonesia - It is reported by the Investment Coordinating Board (BKPM) that the investors' interest in investing their funds in Indonesia is quite high. This is especially evident after President Joko Widodo stated that he will pursue all parties that prevent investments in Indonesia and to make the investment flow easier in the country.Through this situation, the Investment Coordinating Board (BKPM) is optimistic that the amount of investment during 2019 can reach at least 11 percent from the 2018 position which was IDR 721.3 trillion. This means that direct investment flows into Indonesia until the end of December 2019 can reach IDR 800 trillion with double profits or low double digit as well.
He said that in the future, there are three sectors that can encourage investment growth and the domestic economy, including smelters, e-commerce, and tourism. He suggested that the investors to invest in these three sectors for maximum performance and benefits.
According to the source, several large investors such as Hyundai Motors Company (HMC) and Softbank are also planning to invest in Indonesia. Thomas said the government and Hyundai were conducting negotiations regarding the incentive package.
Head of BKPM Thomas Lembong stated that the investment flows that came after the general election also increased from the previous ones. As the result, the total number of investments entered during the first semester of 2019 in Indonesia increased 9.4 percent compared to the same period last year, which was IDR 361.6 trillion. The realization for this was a percentage higher than in 2018 which only grew 7.4 percent, however it’s still progressing until the end of the year.
Source: https://www.cnnindonesia.com/ekonomi/20190730191601-532-416892/bkpm-incar-investasi-rp800-t-dari-e-commerce-hingga-wisata
