Investment Realizations in Bali Soars by 65 Percent
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - Bali’s investment realization in 2015 reached Rp25.8 trillion (US$1.9 billion), increasing by 65.47 percent compared to last year’s achievement at Rp8.9 trillion (US$644.4 million).
The investment realization in the province exceeded the expectation set at Rp9.11 trillion (US$670 million). Ida Bagus Parwata, head of the Bali branch of the Investment Coordinating Board, said that Bali’s attraction as an investment destination and disciplined investors had been the contributing factors of the improvement.
“Last year, we implemented strict rules requiring investors to report their progress. Otherwise, we would revoke the license. Many investors then complied with the regulations,” he told Bisnis on Friday, February 12, 2016.
Data from the agency revealed that the investment realizations last year consisted of foreign investment (PMA) of Rp6.8 trillion (US$ 500 million) and domestic investment (PMDN) of Rp18.9 trillion (US$1.4 billion). Denpasar had been the city with the highest investment at Rp15.8 trillion (US$1.2 billion), followed by Badung Regency at Rp6.2 trillion (US$455.9 million) and Gianyar at Rp1.2 trillion (US$88.2 million).
Hotels and restaurants were the most favorable investments with a total value of Rp2.3 trillion (US$169.1 million), followed by trade and reparation at Rp2 trillion (US$147 million).
BISNIS.COM
