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By APD writer Maverick
JAKARTA, Jan. 31 (APD) — Indonesia recorded significant investments throughout 2017 to 692.8 trillion rupiah (about 51.7 billion U.S. Dollars) which above the target set for the year at 678.8 trillion rupiah (about 50.7 billion U.S. Dollars).
A senior official at Indonesia’s Investment Coordinating Board (BKPM) said the total investments placed by foreign and domestic investors in the country throughout 2017 were 13.1 percent higher than 612.8 trillion rupiah (about 45.7 billion U.S.Dollars) in 2016.
Investments placed by foreign countries in the year stood at 430.5 trillion rupiah (about 32.1 billion U.S. Dollars), while the domestic ones reached 262.3 trillion rupiah (about
19.5 billion U.S. Dollars), BKPM Investment Controller Deputy Azhar Lubis said.
According to Azhar, most of the investments were still placed in provinces located in key economy island of Java with Jakarta which hosted most of the investments, followed by West Java, East Java, Banten and Central Java.
“The top five largest investors by origin nations and regions in Indonesia throughout last year were Singapore, Japan, China, China’s Hong Kong and South Korea,” Azhar said here on Tuesday.
According to Azhar, total domestic workforce employed by the investors in the year stood at 1,176,353 ones.
He said that government has set higher investment target for next year at 765 trillion rupiah (about 57.1 billion U.S.Dollars).
To meet the target, BKPM Chief Thomas Lembong, who was in the same occasion, said that his office would ensure implementation of government’s latest economic reform policy aimed at accelerating process to start business for the investors planning to invest in Indonesia.
“The reformed policy was aimed at helping the investors to find solutions to their problems related to their investment plans in Indonesia,” Thomas said in the event.
Thomas was referring to the government’s latest economic reform policy issued last year, which was officiated with Presidential Regulation No. 91/2017 on acceleration to start business.
Thomas said that his office would enhance further coordination between central and regional investment offices to address the regulation.
Indonesia’s present government has issued 16 economic reform policies since 2014, mostly aiming at serving investors planning to invest as well as for those already ran their investments in Indonesia.
Those economic reform policies have helped Indonesia to get higher Ease of Doing Business (EODB) rank composed by the World Bank (WB) to 72 from the previous rank of 91.
Those economic reform policies were also highly praised by international rating agencies, making them upgrade their economic outlook ratings for Indonesia to Investment Grade level last year.
(ASIA PACIFIC DAILY)
