European Investors Appreciate Jokowi`s Deregulation Package: BKPM
30 April 2016 17:26 WIB
TEMPO.CO, Jakarta - Investment Coordinating Board (BKPM) head Franky Sibarani said European investors appreciated President Joko “Jokowi” Widodo’s visit to four European countries, resulting in an increasing trust among investors.
“The realization of European Union’s investment has not been favorable yet. That’s why President visited Europe,” Franky said at the BKPM office in Jakarta on Monday, April 25, 2016.
Data from the BKPM showed that United Kingdom and Belgium investment realizations in Indonesia declined by 84.6 percent and 53.7 percent, respectively. Meanwhile, the Netherland investment realization increased by 166 percent or US$32.7 million, Franky explained.
President Jokowi’s visit to Germany, the United Kingdom, Netherland and Belgium had resulted in a total investment commitment worth of US$20.5 billion.
“The investors were enthusiastic particularly about 11 policy packages issued by the government,” Franky added.
From Germany, President Jokowi managed to bag a total investment commitment worth of US$875 million for smelter development. The investment is to be executed by PT Aneka Tambang Tbk and Germany-based company Ferrosthal Cronimet. In addition, the United Kingdom had committed US$19.02 billion worth of investment.
“Netherland has pledged US$606 million worth of investment,” Franky said.
Earlier, Franky reported that the realization of Europe’s investment in Indonesia over the last six years reached Rp 149.8 trillion (US$11.3 billion). By January 2016, the investment commitment from European countries soared ten folds to Rp 6.53 trillion (US$495 million) when compared to the same period of last year at Rp 670 billion (US$48.5 million).
ADITYA BUDIMAN