Jakarta: Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia is optimistic the investment realization target by the end of 2019 could reach IDR 790 trillion. The official announcement will be delivered at the end of December 2019.
"I will announce the number at the end of December. My feeling is based on the team's report, God willing, it will be achieved," Bahlil said at Garuda Building, Ministry of Industry, Jakarta on Monday, December 2, 2019.
According to Bahlil, the realization of direct investment in the third quarter of 2019 was quite positive. The value reached IDR 205.7 trillion, up 18.4 percent compared to the same period last year of IDR 173.8 trillion.
Last quarter, the realization of domestic direct investment rose 18.9 percent to IDR 100.7 trillion, while the realization of foreign direct investment rose 17.8 percent to IDR 105 trillion.
Cumulatively, investment realization from January to September 2019 reached IDR 601.3 trillion. This figure increased by 12.3 percent compared to the same period last year of IDR 535.4 trillion.
Bahlil explained his agency has reached 75.9 percent of the overall investment target. He believes this year's target of IDR 792 trillion will be achieved after the calculation results are fully completed.
"In general, after calculating, God willing, we will achieve the investment realization target," he said.