BKPM: More Money from Top Investors
4 December 2014 01:10 WIB
TEMPO.CO, Jakarta – Azhar Lubis, deputy for foreign investment reliance at the Investment Coordinating Board (BKPM) said that 57 percent of major investors will increase their investment in Indonesia. "This is according to PricewaterhouseCoopers (PwC) 2014 data," he said yesterday.
The increased foreign investment is related to Indonesia's improving economic growth. "Next year, the government expects an economic growth of 5.8 percent, up from this year's 5.1 percent."
From January to September 2014, the national investment value had reached Rp342.7 trillion, a 16.8-percent year-on-year increase. Azhar said foreign direct investment (FDI) accounted for 66.6 percent of the total, with the rest contributed by domestic investment.
Java remains as the most attractive location to investors. Jakarta was the province that garnered the most investment with Rp15.67 trillion, followed by Banten (Rp11.97 trillion), East Java (Rp6.32 trillion), and West Java (Rp3.7 trillion).
To help investment grow, Azhar said the government will provide lax licensing procedures for investors.
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