Head of the Investment Coordinating Board (ICB) of Indonesia said he and Minister of State-owned Enterprises Erick Thohir made a visit to the Republic of Korea on September 23 and 24 to call for more RoK investment to Indonesia.
Indonesia has revised this year’s investment attraction target down to 817 trillion Rp (57.5 billion USD) from 886 trillion Rp due to COVID-19 impacts.
About 6.33 billion USD of foreign direct investment (FDI) flowed into Indonesia in the first quarter of this year, down 9.2 percent year on year, as the COVID-19 pandemic has halted global investment, said the Indonesian Investment Coordinating Board (BKPM).
The Indonesian Government will introduce a special agency whose main task is to deal with foreign and domestic investment in the new capital city in East Kalimantan province.
The Government of Indonesia expects to boost the country’s “doing business” ranking to the 53rd place on the World Bank (WB)’s list this year in a bid to attract more investment.
Indonesia’s investment realisation target of 790 trillion rupiah (over 56.4 billion USD) can be realised in 2019 and even exceed the target or increase by around 10 percent from that of 2018, announced the country’s Investment Coordinating Board (BKPM) on December 25.
The Indonesian government, through the Investment Coordinating Board (BKPM) and the Ministry of Industry, is working to attract companies relocating their operation from China due to trade tension with the US, according to BKPM Chairman Thomas Lembong.
Indonesia attracted 392.7 trillion IDR (27.86 billion USD) in foreign direct investment (FDI) in 2018, down from the 430.5 trillion IDR lured in the previous year, according to the country’s investment coordinating board.
The coordinating board of the Vietnam Buddhist Sangha (VBS) in Laos made its debut during a ceremony held at Phat Tich pagoda in Vientiane on November 11.
Total direct investment in Indonesia rose 11.8 percent year-on-year (y/y) to 185.3 trillion rupiad (14.3 billion USD) in the first quarter of 2018, according to the Indonesia's Investment Coordinating Board (BKPM).
Indonesia invested 692.8 trillion IDR (51.7 billion USD) in 2017, up 13.1 percent year on year, said an official from the Capital Investment Coordinating Board (BKPM) of Indonesia.
Indonesia’s investment activities are becoming more eventful as total investment capital in the third quarter rose 13.7 percent to 176.6 trillion rupiah (over 13.3 billion USD), higher than 155.3 trillion rupiah (about 11.7 billion USD) in the same time last year.
The flow of foreign direct investment (FDI) into Indonesia rose significantly in the second quarter of this year from tiny gains in the first three months, reported the country’s Investment Coordinating Board.
Deputy Prime Minister Vuong Dinh Hue and leader of the ruling Indonesian Democratic Party of Struggle (PDI-P) Megawati Soekarnoputri have agreed to continue deepening ties between the two countries through high-level visits and meetings, and fostering partnership in all channels of party, state, government, parliament and people-to-people contacts.
FDI in Indonesia rose only 0.9 percent on an annual basis in the first quarter this year, slowing from the 2.1 percent increase in the previous quarter amid global economic uncertainties.
The Indonesia Investment Coordinating Board (BKPM) said Indonesia remains an attractive destination for investors, with tourism considered key contributor to investment growth.
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