Chairman of BKPM Bahlil Lahadalia (Photo by BKPM Office) Jakarta (VNA) – The flow of foreign direct investment (FDI) into Indonesia dropped by 5.1 percent from 317.8 trillion Rp (21.61 billion USD) in the first nine months of 2019 to 301.7 trillion Rp in the same period of 2020, the Indonesian Investment Coordinating Board (BKPM) has reported.
However, the domestic direct investment (DDI) jumped 9.3 percent to 309.9 trillion Rp from 293.5 trillion Rp of the same period last year.
The country posted investment disbursement of 611.6 trillion Rp in the last three quarters, up 1.7 percent year-on-year. In the third quarter only, total investment jumped 8.9 percent to 209 trillion Rp from 205.7 trillion Rp.
Meanwhile, the disbursement of FDI rose 8.7 percent in the third quarter, the first growth this year, to 106.1 trillion Rp from 105 trillion Rp.
Speaking at a virtual conference on October 23, Chairman of BKPM Bahlil Lahadalia said the critical period for investment realization in the COVID-19 pandemic era is over.
He believed that in the next quarter, the amount will be higher than the last quarter thanks to the Omnibus Law, which is expected to be implemented this year to overcome a number of regulatory obstacles and ease of licensing./.
VNA
