TEMPO.CO, Jakarta - The Investment Coordinating Board (BPKM) is targeting to get an investment commitment worth US$30 billion from China this year. The target is US$9 billion higher from 2015's US$21 billion.
"As of March 2016, we have bagged US$4 billion," the board's chief Franky Sibarani after a press conference at the BKPM building, Monday, May 2, 2016.
The BKPM is prioritizing investments in the infrastructure, agriculture, maritime, industrial, and tourism and regional sectors.
"For the industrial sector, we will have a wider coverage, namely in the fields of export and labor-intensive industries," Franky said.
According to Franky, China's investment actualization is on an uptrend. In the first quarter of 2016, Chinese investors actualized US$464.6 million of their investment plans, which is a year-on-year increase of 518.6 percent from Q1/2015's US$5.1 million.
China is currently Indonesia's fourth largest investor after Singapore, Japan and Hong Kong.
SELFY MOMONGAN