Govt Sets Investment Target at Rp519.5tn

Translator

Editor

Selasa, 20 Januari 2015 13:16 WIB

TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) said the government is setting an target investment of Rp519.5 trillion this year, up 14 percent from 2014's Rp450 trillion achievement. "Java is still the biggest contributor to investment," said BPKM chief Franky Sibarani in a special interview with Tempo last weekend.


Foreign investment is expected to contribute the largest share of up to Rp343.7 trillion, while domestic investment is expected to contribute Rp175.8 trillion.


"For investments in Java, the target is Rp282.6 trillion. The rest is expected to come from outside Java," said Franky.


Ahmad Erani Yustika, executive director of the Institute for Development of Economics and Finance (Indef), said the target is very reasonable when lined with expectations of an economic growth that is supported by the government's plan of infrastructure development. There is also the government's bid to improve domestic licensing and business climate, which "makes Indonesia is prospective for investors."


Ahmad said sectors that will attract investors this year include infrastructure, maritime, agriculture, energy and other natural resources. Labor-intensive industries, said Ahmad, will also become an investment magnet.



JAYADI SUPRIADIN | TRI ARTINING PUTRI | ALI HIDAYAT

Related News

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

1 jam lalu

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

Bahlil will accelerate the facilitation of investment to achieve sugar and bioethanol self-sufficiency

Read More

EU Delegations Visit IKN to Explore Investment Opportunities, Authority Says

1 jam lalu

EU Delegations Visit IKN to Explore Investment Opportunities, Authority Says

IKN Authority deputy head claims that investment opportunities in IKN are attracting European attention.

Read More

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

1 hari lalu

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

IKN Authority said it had received three letters of intent (Lol) from three Malaysian private companies.

Read More

Today's Top 3 News: Microsoft's Promises Behind Jumbo Investments for Indonesia

1 hari lalu

Today's Top 3 News: Microsoft's Promises Behind Jumbo Investments for Indonesia

Here is the list of the top 3 news on Tempo English today.

Read More

Microsoft's Promises Behind Jumbo Investments for Indonesia

2 hari lalu

Microsoft's Promises Behind Jumbo Investments for Indonesia

Microsoft is confirmed to invest in Indonesia over the next 4 years, with a focus on developing artificial intelligence (AI) and cloud computing.

Read More

Jokowi Discusses Huge Investments in AI with Microsoft CEO

3 hari lalu

Jokowi Discusses Huge Investments in AI with Microsoft CEO

President Jokowi received a working visit from Microsoft CEO Satya Nadella at the Presidential Palace in Jakarta on Tuesday, April 30.

Read More

Jokowi to Meet Microsoft Boss, Discusses Investment Plan

3 hari lalu

Jokowi to Meet Microsoft Boss, Discusses Investment Plan

Jokowi received a working visit from Microsoft Chief Executive Officer Satya Nadella at the Presidential Palace in Jakarta on Tuesday, April 30, 2024.

Read More

Indonesia Prioritizes Local Investors in IKN, Says Minister Bahlil

3 hari lalu

Indonesia Prioritizes Local Investors in IKN, Says Minister Bahlil

Indonesian Investment Minister Bahlil Lahadalia said the government would prioritize domestic investors in the IKN project.

Read More

Jokowi, Lee Hsien Loong Discuss Defense, Investment, and ASEAN Issues

3 hari lalu

Jokowi, Lee Hsien Loong Discuss Defense, Investment, and ASEAN Issues

Indonesian President Jokowi and Singapore PM Lee Hsien Loong emphasized the importance of continued cooperation between the two countries.

Read More

Indonesia Discusses Sport Infrastructure Investment with UAE

4 hari lalu

Indonesia Discusses Sport Infrastructure Investment with UAE

Indonesia's Youth and Sports Minister discussed opportunities for investment in the development of sports infrastructures with the UAE.

Read More