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By APD writer Maverick
JAKARTA, Oct. 30 (APD) --Indonesia posted a 12 percent growth in its materialized Foreign Direct Investment (FDI) to 111.7 trillion rupiah (about 8.2 billion U.S.Dollars) in the third quarter this year, making total materialized investments through the period stood at 176.6 trillion rupiah (about 13 billion U.S. Dollars) with addition from the domestic ones, a senior official said here on Monday.
Five largest investors on nation basis was dominated by Singapore which took 30.1 percent, to 2.5 billion U.S. Dollars, of Indonesia’s FDI during the period. It was followed by Japan at 1.1 billion U.S. Dollars (13.3 percent), China at 0.8 billion U.S. Dollars (9.6 percent), the United States at 0.6 billion U.S. Dollars (7.2 percent) and South Korea at 0.4 billion U.S. Dollars (4.8 percent).
In domestic respect, the materialized investments have increased to 64.9 trillion rupiah (about 4.7 billion U.S. Dollars) during the quarter that began from July to September this year, or 16.8 percent higher than in the corresponding period last year.
With the latest figures, the value of total materialized investments received by Indonesia in the first nine months this year stood at 513.2 trillion rupiah (about 37.7 billion U.S. Dollars), or 75.6 percent from 678.8 trillion rupiah (about 49.9 billion U.S. Dollars) targeted this year, Indonesia’s Investments Coordinating Board (BKPM) Chairman Thomas Lembong said in his office here.
Of the total materialized investments from January to September this year, FDI dominated the figure at 62.1 percent, to 318.5 trillion rupiah (about 23.2 billion U.S. Dollars), he added.
“BKPM would continue its innovation by enhancing its digital technology service to ease investors in requesting licenses, among others with single submission and digital signature features,” Thomas told a press conference, referring to plans aimed at coping with its target for this year.
Besides simplifying the procedure, Thomas said that his office would also improve the assistance to address hurdles faced
by investors in the field related to their license proposals.
Thomas said that investments throughout the third period this year have employed 286,497 workforces of which 109,711 ones were in FDI section, showing a prove that investments holds significant factor too address the nation’s employment sector.
Apart from maintaining communication and promotion in countries which already contributed significantly to the nation’s FDI, Thomas said, his office would be focusing more efforts to promote the nation’s investments to potential investors from Middle East and Russia, particularly for investments in energy sector.
(ASIA PACIFIC DAILY)
