Indonesia posts 4.3-percent rise in investment realization in 2021 Q1

Indonesia posts 4.3-percent  rise in investment realization in 2021 Q1

Bahlil Lahadalia, chairman of the Investment Coordinating Board (BKPM).

Jakarta (ANTARA) - Indonesia's Investment Coordinating Board (BKPM) recorded that investment realization in the first quarter of 2021 had reached Rp219.7 trillion, a 4.3-percent rise, from Rp210.7 trillion clocked during the corresponding period last year.

It also increased by 2.3 percent as compared to Rp214.7 trillion posted during the previous quarter.

"Our investment realization amounted to Rp219.7 trillion," BKPM Head Bahlil Lahadalia stated during a virtual press conference on investment realization here on Monday.

The investment value comprised domestic investment (PMDN) amounting to Rp108 trillion and foreign direct investment (FDI) at Rp111.7 trillion.

In comparison with the January-March 2020 period, FDI grew considerably by 14 percent to reach Rp111.7 trillion, from Rp98 trillion. PMDN declined by 4.2 percent to reach Rp108 trillion, from R112.7 trillion.

"Our FDI was 50.8 percent, while PMDN touched 49.2 percent, which is slightly different. This shows that the world's confidence in Indonesia and our FDI activities have started to normalize. We can adapt to the developments in the COVID-19 pandemic," he stated.

Based on project locations, investment realization in the first quarter of 2021 spread across West Java, Jakarta, East Java, Banten, and Central Java.

Investment projects are mainly in the fields of property, industrial estates, and offices; basic metal industry, metal goods and non-machines and their equipment; transportation, warehouse, and telecommunication; food industry; as well as electricity, water, and gas.

The top five investing countries are Singapore, China, South Korea, Hong Kong, and Switzerland.

The investment value constitutes 24.4 percent of the investment realization target set by President Jokowi of Rp900 trillion.

A total of 311,793 people got employed during that period, an increase from 303,085 people during the corresponding period in the previous year.

"The initial investment target of Bappenas (National Development Planning Agency) was Rp856 trillion. However, the president ordered us to increase the target to Rp900 trillion. This is not an easy job during the pandemic era, but as an assistant to the president, we must always find a way," Lahadalia stated. Related news: China ready to invest US$1.38 billion in Indonesia: envoy
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