Jakarta: Indonesia's Investment Coordinating Board (BKPM) today announced the investment realization data for July-September 2020 reached Rp209 trillion, and cumulative investment realization data for January – September 2020 reached Rp611.6 trillion.
According to BKPM chairman Bahlil Lahadalia, the new normal habits in economic activities and the government's responses to covid-19 in the past 7 months have been able to recover investment climate in Indonesia in the third quarter of 2020.
The investment realization during the third quarter of 2020 reached Rp209 trillion. It increased by 8.9 percent compared to the second quarter of 2020 (IDR 191.9 trillion). It also slightly increased by 1.6 percent compared to the same period in 2019 (IDR 205.7 trillion).
This is in line with the Statistics Indonesia's data that shows imports of capital goods jumped by 19.01 percent (US$ 2.13 billion) and imports of raw materials increased by 7.23 percent (US$ 8.32 billion) in September 2020 compared to August 2020.
"I am optimistic, with the pass of The Omnibus Bill on Jobs Creation, the target for 2020 investment realization of IDR 817.2 trillion likely will be achieved," said Bahlil.
Based on that achievement, the realization of Domestic Direct Investment (DDI) was Rp102.9 trillion or 49.2 percent from the total achievement, while the realization of Foreign Direct Investment (FDI) was 106.1 trillion or 50.8% from the total achievement.
The absorption of Indonesian workers in the third quarter reached 295,387 workers.
The accumulated investment achievements in the Januar–September period contributed 74.8 percent to the 2020 target and successfully absorbed 861,581 Indonesian workers.