Indonesia aims for US$49 bln in foreign investment in 2017
Indonesia has set a target to attract 631,500 billion Rp (US$49 billion) from foreign investors in 2017, up about 5% against 2016’s US$45.7 billion target.
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According to Chairman of the Capital Investment Coordinating Board (BKPM) Franky Sibarani, business climate limitations are challenging his country to reel in foreign investment.
The BKPM is building programmes to improve its services, focusing on simplifying investment licensing procedures, developing online investment services, enhancing support for projects related to infrastructure development, and developing strategic projects.
Other measures will also be taken, including increasing incentives and expanding production sectors receiving tax incentives, especially those using intensive labour.
The BKPM reported that investment poured into Indonesia in the first quarter of this year totaled US$11.3 billion, equivalent to 24.6% of the yearly target.
