Based on existing data, a balance had been struck in investment within and outside JavaJakarta (ANTARA) - Indonesia managed to strike a balance in investment within and outside Java, apparent from the investment realization data for the January-September 2020 period, Heldy Satrya Putra, expert staff of the Investment Coordinating Board (BKPM), stated.
"Based on existing data, a balance had been struck in investment within and outside Java," Putra remarked while speaking at the 2020 Regional Summit held virtually here on Wednesday.
Indonesia's investment realization in Indonesia for the January-September 2020 period reached Rp611.6 trillion, surpassing the figure of Rp601.3 trillion recorded during the corresponding period last year.
The investment realization figure until September 2020 had reached 74.8 percent of the BKPM’s investment target pegged at Rp817.2 trillion by the end of 2020.
On the basis of this data, the BKPM recorded investment realization on Java Island to have reached Rp307.5 trillion, or 50.3 percent of the nationwide investment.
Meanwhile, investment realization outside Java Island had reached Rp304.1 trillion, or 49.7 percent of the total investment in Indonesia.
Of the total investment value, Rp309.9 trillion, or 50.7 percent was domestic investment (PMDN), and Rp301.7 trillion, or the remaining 49.3 percent was foreign investment (PMA).
Investment entering Indonesia during the January-September 2020 period was able to absorb 861,581 workers.
Meanwhile, the BKPM targets investment during the period from 2020 to 2024 to increase by 47.3 percent, or reach Rp4,983.2 trillion.
However, the expert staff in charge of investment competitiveness emphasized that achieving this target in the midst of the COVID-19 pandemic is no easy task.
To this end, it is necessary to boost domestic competitiveness to attract the desired investment, he remarked.
Related news: Slight rise in investment realization in Q3 2020: BKPM
Related news: MSMEs contributing 61.7% to GDP: BKPM
Related news: GSP extension offers chance to improve investment: President
Translator: Sella PG, Fardah
Editor: Sri Haryati
Copyright © ANTARA 2020
