Wednesday, 20 November 2019

Metal Industries Dominate Foreign Investment

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  • A logo of the Investment Coordinating Board (BKPM). TEMPO/Seto Wardhana

    A logo of the Investment Coordinating Board (BKPM). TEMPO/Seto Wardhana

    TEMPO.CO, Jakarta - The Coordinating Investment Board (BKPM) reported an increase in the investment by 14.8 percent in the first quarter of this year compared to the same period in 2015.

    It also said that foreign investment dominates industries such as metal industries, mining industries, chemical industries, property industries and food industries.

    Metal industries are on top the list, it added.

    In the meantime, domestic investmentdominate transportation, warehouse, telecommunication and non-metal mineral industries.

    BKPM Chairman Thomas Lembong said growth of both foreign and domestic investment in the beginning of the year is positive amidst the uncertainly of the global economy.

    "Global challenges, including the Brexit issue actually brings negative impacts but our achievement is in fact positive,” he said.

    In the period of January – June in 2015, investment realization reached Rp298.1 trillion or equal to 50.1 percent of the realization target at the end of the year which is expected to reach Rp594.8 trillion.

    In the meantime, investment realization in the second quarter rises by 12.3 percent (year on year), which is worth Rp151.6 trillion.

    This figure consists of domestic capital worth Rp52.2 trillion and foreign capital worth Rp99.4 trillion.

    ANGELINA ANJAR | ALI HIDAYAT | FERY FIRMANSYAH