A conner of Jakarta, Indonesia (Source :internet)
Jakarta (VNA) – Investment commitments to Indonesia rose 119 percent in January from a year a go to 206 trillion rupiah (15.8 billion USD), said the Capital Investment Coordinating Board (BKPM).

Of the total value of investment commitments, the manufacturing sector accounted for 43 percent.

BKPM chief Franky Sibarani said the increase reflected high confidence of investors in doing business in Indonesia.

According to the official, one of the main drivers of investment commitments in January is political stability and favourable security in the country. Other factors included the country’s success in managing positive economic growth especially in the second half of 2015, and the focus, which was considered positive in development as well as reform in investment policy.

Simplification in licensing procedure that takes only three hours to issue investment license also contributed to the significant increase in investment commitments in January, he said.

Seven companies planning to invest a total of 31.8 trillion rupiah or 15 percent of the total investment plans used the three-hour licensing facility, he said.

Singapore accounted for the largest part of the investment commitments with investment plan of 7.5 billion USD, followed by China accounting for 2.6 billion USD, the Republic of Korea 280 million USD, Japan 132 million USD and Malaysia 105 million USD.-VNA