BKPM Eyes Investment from Asia's Big 5  

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  • Franky Sibarani. TEMPO/Wisnu Agung Prasetyo

    Franky Sibarani. TEMPO/Wisnu Agung Prasetyo

    TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) is seeking to attract investments from Asia's top economies—Japan, China, Taiwan, Singapore and South Korea—as Indonesia's priority investors.

    These countries, BKPM chief Franky SIbarani said, have been Indonesia's biggest investors.

    "Their investment trend in Indonesia is also on the rise," Franky said during a visit to Tempo's editorial office, yesterday.

    From South Korean investors, the BKPM will look for investment in the power and road construction sectors. The Japanese, Franky said, mostly invest on industrial sectors, but these investments are usually extensions of prior projects.  

    The government, Franky, is trying to benefit from China's confidence in Indonesia. "America is China's number one investment destination China. Indonesia is their second. As long as [China] has investing confidence in us, we must optimize this potential," he said.

    From 2010 to 2014, the value of foreign investment in Indonesia reached Rp1.64 quadrillion. Over the next five years, the BKMP is targeting for an investment flow of Rp3.51 quadrillion, of which 65 percent is expected to come from foreign investors.

    This year, the board is targeting for a total investment value of Rp1.5 quadrillion.

    KHAIRUL ANAM | ALI HIDAYAT