Chairman of the BKPM Franky Sibarani. TEMPO/Wisnu Agung Prasetyo
TEMPO.CO, Jakarta - The government claimed that recently-issued deregulation policy packages have resulted in positive effects on investments realization in Indonesia. During the first quarter (Q1) of 2016, the government recorded a total of Rp 146.5 trillion of investment realization.
"Investment realization increased by 17.6 percent compared to the Rp 124.6 trillion recorded in the previous period," said Franky Sibarani, Chairman of the Indonesia Investment Coordinating Board on April 25, 2016.
Franky added that the increasing investment managed to absorb 327,000 laborers. Franky also expressed his confidence that the government's Rp 595 trillion investment target set for 2016 can be achieved. Franky said that the government has strong commitment in maintaining and improving good investment climate, for example, by providing deregulation package.
President Joko "Jokowi" Widodo is certain that increasing investment value is the result of several policy packages recently issued by the government. "Total amount of business to business agreement had reached US$20.5 billion," Jokowi said.
