COVID-19 dampened investment realization by 4.3 percent in Apr-June

COVID-19 dampened investment realization by 4.3 percent in Apr-June

Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia. ANTARA/Ade Irma Junida/sh

Our target is more than Rp200 trillion for the second quarter.
Jakarta (ANTARA) - The Investment Coordinating Board (BKPM) registered a 4.3-percent decrease in the realization of investment during the second quarter (Q2) of 2020, reaching Rp191.9 trillion, from the Rp200.5-trillion investment during the corresponding period last year.

BKPM Head Bahlil Lahadalia stated here on Wednesday that investment during the April-June period had dropped 8.9-percent as compared to the investment of Rp210.7 trillion in the first quarter of the year.

"Our target is more than Rp200 trillion for the second quarter. However, we are all aware of the tough situation arising from the COVID-19 pandemic. The second-quarter period is quite tough," he noted.

The realization of foreign investment in the second quarter of 2020 reached Rp97.6 trillion, or 50.9 percent of the total investment, while domestic investment was recorded at 49.1 percent, or some Rp94.3 trillion.

Investment during the period was recorded in the five main sectors of electricity, gas and water; transportation, warehouse and telecommunication; industry of basic metal, metal goods and non-machinery; food industry; and housing, industrial area and offices.

The investment was in Jakarta, West Java, East Java, Banten, and Riau, with investors coming from Singapore, Hong Kong, China, Japan, and South Korea.

The realization of investment in the first semester of 2020 had reached Rp402.6 trillion, or 49.3 percent of the targeted Rp817.2 trillion in 2020. It increased 1.8 percent from the investment of Rp395.6 trillion in the first semester of the previous year.

Investment in the first semester of 2020 was recorded mainly in the sectors of transportation, warehouse and telecommunication; electricity, gas and water; basic metal, metal goods, non-machinery; housing, industrial area and offices; and food industry.

The investment was in West Java, East Java, Jakarta, Central Java, and Riau, with investors hailing from Singapore, China, Hong Kong, Japan, and Malaysia.

Investment in the second quarter of 2020 absorbed 263,109 workers in 34,658 projects, thereby bringing the total workforce absorbed in the first semester to 566,194, spread across 57,815 projects.
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