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BKPM Will Not Revise Investment Target
Franky Sibarani, Head of the Investment Coordinating Board (BKPM). TEMPO/Wisnu Agung Prasetyo
Tuesday, 24 November, 2015 | 23:10 WIB
BKPM Will Not Revise Investment Target

TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) stated that it will not revise the investment realization target in 2016 to support economic growth.

"With investment contribution of 31 percent in achieving economic growth, the 2016 economic growth target of 5.5 percent expresses Indonesia's optimism," said BKPM chief Franky Sibarani on Tuesday, November 24, 2015.

In order to support the target achievement, BKPM will not yet revise investment realization of Rp594.8 trillion in 2016 or increased by 14.5 percent from the previous target. According to Franky, the future is the "Asian Century". As part of Asia, Indonesia is ready for Asian Century.

Franky said that Indonesia's five percent growth target compared to global economic growth of only two percent and East Asian countries' eight percent, shwoed Indonesia's preparedness for the Asian Century.

Furthermore, investment realization in 2015 is increasing. Until the third quarter, investment realization increased by 16.7 percent (year-on-year) to Rp400 trillion. Employment also increased by 16.5 percent compared to 2014. "Almost all priority sectors rose, including downstream mineral resources industry, which recorded growth of 67 percent," said Franky.


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