BKPM to revise investment realization target affected by COVID-19

BKPM to revise investment realization target affected by COVID-19

Bahlil Lahadalia, head of the Investment Coordinating Board (BKPM). ANTARA/HO-BKPM

Jakarta (ANTARA) - The Investment Coordinating Board (BKPM) will revise the investment realization target severely affected by the ongoing coronavirus disease (COVID-19) pandemic.

In spite of the current challenges, the agency will continually consolidate to boost investment realization, BKPM Head Bahlil Lahadalia stated during an event gathering with the heads of the One-Stop Investment and Services Offices (DPMPTSP).

"The government cannot tell with certainty when the COVID-19 pandemic will end. We must make adjustments to adapt to this situation. The BKPM will revise the investment realization target for the second quarter of 2020. We will inform you later. The current conditions necessitate us to do some things differently. President Jokowi has said that currently, economic growth has dipped, and many people are losing their jobs. Investment is a solution to creating jobs," he noted in a statement here on Friday.

Lahadalia expressed gratitude that investment realization in the first quarter of 2020 had reached Rp210.7 trillion, or an increase of eight percent, from last year.

"I also thank you for your hard work for the successful realization of investment target in the first quarter of 2020, as it reached Rp210.7 trillion, or up eight percent, from last year," he remarked.

In the wake of the COVID-19 outbreak, investor facilitation and licensing services should continue to maintain work productivity though applying health protocols.

Head of Riau Islands Province DPMPTSP Syamsuardi remained optimistic of investment realization in the second semester of 2020 despite challenges posed by the pandemic.

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