The Indonesia Investment Coordinating Board (BKPM) announced that approximately 100 new projects have entering their construction phase. With a total amount of investment reaching IDR 219.66 trillion, the BKPM continues to push investment growth for the economy.
Franky Sibarani, Head of the BKPM, explained that investments create more job opportunities and therefore increase economic growth. With these 100 projects located in various places in Indonesia, a total of 300,000 workers are needed. With such a high number of job opportunities, these investments will help efforts to provide jobs to the unemployed.
“The economy will continue to elevate with this current development,” said Mr. Sibarani in Jakarta on Monday.
Azhar Lubis, Deputy of Capital Control at the BKPM, further explained the types of projects currently being implemented. These include 64 industrial projects, totaling IDR Rp143.53 trillion, 14 electricity projects worth of IDR 44.08 trillion, and 6 agricultural projects worth IDR 13.50 trillion.
Additional projects include 3 transportation projects with a total investment of IDR 6.56 trillion, 11 tourism projects totaling IDR 3.51 trillion, 1 farming project worth of Rp310.41 billion, and finally mining projects totaling Rp6.15 trillion. The BKPM has said it will continue to keep a sharp eye on these investments regardless of their location.
Mr. Sibarani hopes the government’s efforts will attract more foreign investors. He also said that the BKPM will continue to improve its Single Door Integrated Service (PTSP). In addition, the BKPM will also grant tax concessions to certain business fields as well as tax holiday incentives for pioneering industries as provided for under Government Regulation No. 18 2015 on Income Tax Concessions for Investment in Certain Fields and/or Areas (See ILB No. 2639).
The Indonesia Investment Coordinating Board (BKPM) announced that approximately 100 new projects have entering their construction phase. With a total amount of investment reaching IDR 219.66 trillion, the BKPM continues to push investment growth for the economy.
Franky Sibarani, Head of the BKPM, explained that investments create more job opportunities and therefore increase economic growth. With these 100 projects located in various places in Indonesia, a total of 300,000 workers are needed. With such a high number of job opportunities, these investments will help efforts to provide jobs to the unemployed.
“The economy will continue to elevate with this current development,” said Mr. Sibarani in Jakarta on Monday.
Azhar Lubis, Deputy of Capital Control at the BKPM, further explained the types of projects currently being implemented. These include 64 industrial projects, totaling IDR Rp143.53 trillion, 14 electricity projects worth of IDR 44.08 trillion, and 6 agricultural projects worth IDR 13.50 trillion.
Additional projects include 3 transportation projects with a total investment of IDR 6.56 trillion, 11 tourism projects totaling IDR 3.51 trillion, 1 farming project worth of Rp310.41 billion, and finally mining projects totaling Rp6.15 trillion. The BKPM has said it will continue to keep a sharp eye on these investments regardless of their location.
Mr. Sibarani hopes the government’s efforts will attract more foreign investors. He also said that the BKPM will continue to improve its Single Door Integrated Service (PTSP). In addition, the BKPM will also grant tax concessions to certain business fields as well as tax holiday incentives for pioneering industries as provided for under Government Regulation No. 18 2015 on Income Tax Concessions for Investment in Certain Fields and/or Areas (See ILB No. 2639).