investment realization reaches Rp395 trillion in 1st semester: BKPM

investment realization  reaches Rp395 trillion in 1st semester: BKPM

Chief of the Investment Coordinating Board (BKPM) Thomas Lembong (left) and his deputy, Farah Ratnadewi Indriani (right) during a press conference held in Jakarta on Tuesday (July 30, 2019). (ANTARA/Ade Irma Junida/ FA))

Jakarta (ANTARA) - Indonesia's Investment Coordinating Board (BKPM) recorded that the realization of investment had reached Rp395.6 trillion in the first semester of 2019, or rising 9.4 percent, from Rp361.6 trillion during the corresponding period last year.

"The achievement constitutes 49.9 percent of the total targeted investment realization of Rp792.3 trillion," Farah Ratnadewi, deputy chairperson of the BKPM, stated here on Tuesday.

Investment realized during the January-June 2019 period comprised domestic investment to tune of Rp182.8 trillion, and foreign investment reaching Rp212.8 trillion.

"The realized investment employed 490,715 workers," she pointed out.

The top five sectors for the investment are transportation, warehousing and telecommunication; electricity, gas and water; construction; food industry; and housing, industrial zone as well as office space, the official revealed.

Investment in the first semester was realized in the provinces of West Java, Jakarta, Central Java, East Java, and Banten, she pointed out.

Five major foreign investors are Singapore, with investment worth US$3.4 billion; Japan (US$2.4 billion); China (US$2.3 billion); Hong Kong (US$1.3 billion); and Malaysia (US$1 billion).

The BKPM also released data of the investment realization in the second quarter (Q2) of 2019 amounting to Rp200.5 trillion, or rising 13.7 percent, from Rp176.3 trillion during the same period in 2018.

In Q2, realized domestic investment had reached Rp95.6 trillion and foreign realized investment was valued at Rp104.9 trillion.

BKPM Chief Thomas Lembong expressed optimism that the investment trend has improved following Indonesia's smooth and peaceful elections in April this year.

Indonesia's improved rating given by several rating institutions has contributed to the hike in investment realization, he pointed out.

Furthermore, reconciliation among rival politicians during the post-election period has also being viewed as a supporting factor in the recovery of the investment trend in this country, he noted.

"Indeed, challenges and threats exist, such as the trade war and a global economic slowdown. However, in Indonesia especially, I am optimistic that the current trend is positive and the future prospect is also very positive," he affirmed. Related news: BKPM projects double-digit investment growth in 2019
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