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Indonesia's Investment Realization Has Reached Beyond Target

Indonesia's investment realization in 2019 had outstripped its target to reach Rp809.6 trillion during the January-December period, Investment Coordinating Board (BKPM) Head Bahlil Lahadalia stated.

"Realization of investment in the fourth quarter of 2019 during the period from October to December had reached Rp208.3 trillion, increasing 12 percent from the corresponding period in 2018," Lahadalia noted here on Wednesday as reported by Antara News.

The increased investment has bolstered the board's commitment to supervise and ensure the realization of investment in the country, he noted.

"This is my promise that the realization of investment in 2019 would reach its target. We continue to focus on qualified investment and those that involve small- and medium-scale enterprises in a bid to proffer a multiplier effect on the people," he noted.

Investment in the fourth quarter of the year had absorbed 330,530 workers, thereby bringing the total workforce absorbed in 2019 to over one million.

Domestic investment during the period was recorded at Rp103 trillion, or increased 18.5 percent, while foreign investment rose 6.4 percent to Rp105.3 trillion as compared to the same period of 2018.

Investment in regions outside Java Island increased 22.6 percent to Rp103.8 trillion in the fourth quarter of 2019, while investment in Java Island reached Rp104.5 trillion, or increased 3.2 percent, as compared to 2018.

Lahadalia stated that investment outside Java Island should be increased further to encourage equalization of economy in the country.


(source: Antara News)