Investment up 30 percent in first semester: Investment agency

growth

Jakarta (ANTARA News) – The Chairman of the Investment Coordinating Board, Chatib Basri, said total investment in various projects in Indonesia reached Rp192.8 trillion in the first semester of 2013.

“It increased 30 percent from the same period last year,” he said at a press conference here on Tuesday.

He said in the second quarter realization of investment in Indonesia was recorded at Rp99.8 trillion or up 29.8 percent from the first quarter.

He said domestic investment grew higher than foreign investment.

In the second quarter domestic investment rose 59.1 percent year-on-year while foreign investment in the period only grew 18.9 percent.

Chatib said one of the foreign countries that had invested much in Indonesia is Japan as seen by that country`s automotive company Suzuki`s plan to conduct expansion in Indonesia.

He said Japan`s big investment could be attributed to several factors such as Indonesia`s big population and stable economy in the past few years.

He said other countries that have also invested much in Indonesia are the US and South Korea.

Chatib said a strategy is currently being made so that the investment could boost economic growth in view of the country`s weak export performance.

He said the government would make a number of breakthroughs to make investment climate in Indonesia remain conducive and improve further, including simplifying licensing procedures which have so far been considered hindering investors. (*)
Editor: Heru

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