Chairman of the Investment Coordinating Board, Bahlil Lahadalia reporting, in the first quarter of 2020, Indonesia posted investment realization of Rp210.7 trillion (US$13.59 billion) In 25,192 projects - Photo by President Office

JAKARTA (TheInsiderStories) – Chairman of the Investment Coordinating Board, Bahlil Lahadalia reporting, in the first quarter (1Q) of 2020, Indonesia posted investment realization of Rp210.7 trillion (US$13.59 billion) in 25,192 projects. The amount up 8.0 percent from last year and 1.2 percent in quarterly basis, worth of Rp208.6 trillion.

He continued, the realization of Foreign Direct Investment (FDI) dropped 9.2 percent to Rp98.3 trillion  from last year and quarterly down 7 percent from 4Q of 2019. In contrary, Domestic Direct Investment (DDI) worth of Rp112.7 trillion or up 19.3 percent in annual basis and quarter on quarter jumped 9.5 percent.

“We haven’t revised this year’ target’ Rp886 trillion but in my opinion its difficult to achieve the targets because of COVID-19. We have pessimistic targets at Rp815 trillion with composition FDI and DDI will be balanced,” he said in a video conference today (04/20 ).

Based on origin countries, the leader investor still from Singapore with total amount $2.7 billion. Followed by China $1.3 billion, Hong Kong $600 million, Japan $600 million, Malaysia $500 million, and others $1.1 billion

He elaborated, there most of the FDI projects located in North Maluku, South Kalimantan, Riau, West Java while the DDI in Jakarta, Central Java and West Java. The investment in the first quarter has absorbed 303,085 workers, he noted

Lahadalia sees In the 2Q, the trend of investment realization will decline, especially FDI. To pushes the foreign investment, his office  will help endorse the investors to run the program, he concluded.

US$1: Rp15,500

by Linda Silaen, Email: linda.silaen@theinsiderstories.com