Target overshot in investment in 2015: Investment agency

Jakarta (ANTARA News) - Head of the Capital Investment Coordinating Board (BKPM) Franky Sibarani said realization of investment project overshot the target of Rp519.5 trillion in 2015

"Total investment is certain to reach around Rp540 trillion exceeding the target," Franky said in Cikarang, West Java on Thursday.

He said in the last quarter of 2015, investment soared beyond expectation.

Despite the healthy performance in 2015, BKPM would not change its investment target of Rp594.8 trillion for 2016, he said.

"We never revise target as investment climate globally including Indonesia is still fragile. We would see in the first quarter of 2016," he said.

Based on data at BKPM investment in the first nine months of 2015 totaled Rp400 trillion, up 16.7 percent from Rp342 trillion in the same period in 2014, or 77 percent of the target in 2015.

Domestic investment made up Rp133.2 trillion of the investment realization in the January-September period with foreign investment accounting for Rp266.8 trillion.

Strong growth was recorded for both domestic and foreign investment in the first nine months of 2015.(*)