Thu, 27 Jan 2022

JAKARTA, Oct. 27 (Xinhua) -- Indonesia recorded an investment realization of 659.4 trillion rupiahs (about 46.41 billion U.S. dollars) from January to September, Investment Minister Bahlil Lahadalia said on Wednesday.

The achievement, an equivalent of 73.3 percent of the total target of 900 trillion rupiahs (about 63.35 billion dollars) in a year, represented an increase of 7.8 percent over the same period last year.

Specifically, for the third quarter, the investment realization reached 216.7 trillion rupiahs (about 15.25 billion dollars), down 2.8 percent quarter-to-quarter due to the Delta variant spread and imposition of the public mobility restrictions throughout July to August, despite growing 3.7 percent year-on-year.

"During that three-month period, we could only work for a maximum of 1.5 months. Foreign investment was also difficult to enter because of the restrictions, and goods from abroad were hampered," Lahadalia said in a virtual press conference.

The foreign investment achievement was 103.2 trillion rupiahs (about 7.26 billion dollars), down 11 percent quarter-to-quarter while contracting 2.7 percent year-on-year.

Lahadalia is confident that he can achieve the remaining investment target of 240.6 trillion rupiahs (about 16.94 billion dollars) by the end of this year, with a series of investment plans to be implemented in the fourth quarter.

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