Indonesia, Nov 4, 2013 - (ACN Newswire) - The Investment Coordinating Board (BKPM) reported that total investments had jumped 23 percent year-on-year to top Rp 100.5 trillion (US$8.9 billion) in July-September, the highest ever recorded, despite the capital outflows and financial market turbulence that took place during that period.
"This is an important signal that Indonesia, amid the bleak global economic outlook, remains a major destination for investment," BKPM chairman Mahendra Siregar told a press briefing.
Indonesia is on course to meet its annual investment target as overall investment growth has been maintained at above 20 percent in the third quarter, with robust growth in domestic direct investment (DDI) compensating for the slowdown in foreign direct investment (FDI).
With three months left before the end of the year, the country had realized Rp 293 trillion of investments, meaning that the country was on track to meet its annual investment target of Rp 390 trillion, he said.
The new BKPM chairman, who was just elected last month, targeted to realize Rp 450 trillion of investments next year, a 15 percent increase compared to this year.
Investments account for around 25 percent of Indonesia's gross domestic product (GDP), which is the second-biggest growth driver after household consumption.
Emma Sri Martini, President Director, PT Sarana Multi Infrastruktur (SMI) said, "As home of the world's 16th largest economy, Indonesia is duly aware of the importance of an expanded infrastructure capacity to ensure a sustainable and inclusive economic growth. The Government of Indonesia has developed and implemented the Masterplan for Acceleration and Expansion of Indonesia Economic Development (Masterplan Percepatan dan Perluasan Pembangunan Ekonomi Indonesia or MP3EI), aimed at accelerating the country's infrastructure development."
Emma said, "Given the scale of investment required to develop the country's infrastructure, it is crucial to cultivate a high degree of cooperation among the central government, local governments, state owned enterprises and the private sector. As an infrastructure financing company entirely owned by the Government of Indonesia through Indonesia's Ministry of Finance, PT Sarana Multi Infrastruktur (Persero) or PT SMI, boasts a unique position to promote the provision of national infrastructure funding through partnerships with private and multilateral financial institutions."
Primus Dorimulu, Chief Editor of Investor Daily said, "We are glad that PowerPR and Investor Daily Indonesia are organizing the Indonesia Investment Forum (IIF) in The Ritz Carlton Hong Kong on 7 November 2013. The topic of the forum is discussing various investment opportunities in Indonesia, and opening a dialogue between the Indonesian Government, Indonesian enterprises as investment targets and Global Investors."
Christovita Wiloto, Founder & Chairman of Indonesia Investment Forum said, "We hope that the Indonesia Investment Forum will create a better understanding of the business opportunities in Indonesia, which in turn will create investment interest in Indonesia as well as to increase the number of investors who will invest in Indonesia."
PowerPR | Christovita Wiloto
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