Realization of investment Rp 453.4 trillion in the third quarter 2016

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Investment coordinating board(BKPM) recorded the realization of investment Rp 453.4 trillion out of Rp 594.8 trillion of target in 2016. It means total accomplishment of investment reaches 70% from the target. Based on this, the growth of investment is 13.4 % compared to the same period of last year.

BKPM claimed that there are 3 factors bolstering investment which are tax amnesty, government commitment to maintain the budget, and the increasing of local government who provides one stop service.

For the area outside java island, BKPM listed total of investment realization reaches RP 203.2trillion, the amount increases compared to the same period of last year which was Rp 180.7 trillion. 

Deputy head of BKPM Azhar lubis stated it needs intensive approach from local government to speed up the growth of investment beside the cut of regulations considered to hinder the investment. Further zahar said, it should apply the ease of permit as mandated by the president through home affairs ministry.

Realization of of investment based on location in the third quarter 2016 are the following: east java Rp 14 trillion, west java Rp 7.4 trillion, banten Rp 7 trillion, Jakarta Rp 3.8 trillion and south sumatera Rp 3.6 trillion.
While based on business sector, realization of investment in third quarter:
transportation, telecommunication and storage Rp 12 trillion, basic chemical industry Rp 8.1 trillion, food industry Rp 7.4 trillion, estate Rp 5 trillion and crop and plantation Rp 4.7 trillion.