Tuesday, 15 October 2019 | 06:25 WIB

BKPM: Investor Interest Can Improve After General Elections

Head of BKPM Thomas Lembong (setkab)

JAKARTA, NETRALNEWS.COM - The Indonesia Investment Coordinating Board (BKPM) has ensured the interest and passion of investment begins to grow again after the General Election held in April 2019. Investors consider the implementation of safe and peaceful elections in Indonesia to encourage improved sentiment.

Thomas Trikasih Lembong, Head of BKPM, said that after the election yesterday he received many positive statements from investors who expressed enthusiasm for the political and economic situation in Indonesia. Many investors expressed interest in investing in either new investments or business expansion.

"Frankly speaking in the post-election weeks there are a lot of questions, inquiries and expressions of interest from various investors in various regions. They find out what investment opportunities and policy directions or breakthroughs and new ideas we can anticipate in the second period. Mr. President, "Lembong said after attending Halal Bi Halal reception in his office, Central Jakarta, Tuesday (6/18/2019).

The former Minister of Trade is optimistic that in full year, the growth of investment realization in 2019 will reach double digits. However, Lembong is reluctant to say what the assumption is on investment growth

Apart from the positive political and economic stability of Indonesia by investors, the impact of the trade war that still occurs has made Indonesia an investment destination. He said every quarter there were always investors who expressed interest and realized their investments by relocating their business to Indonesia.

"My prediction is for 2019 full year, foreign and domestic investments should to return to double digit growth. So that is a positive aspect of our economy that we have to keep abis," he added.

Lembong also said that investment in the form of foreign direct investment (FDI) actually shows a positive trend. This happened because investors obviously did not want to be involved in the trade war that the US - China government always heralded.

"In my opinion it is actually positive (FDI) and in my opinion the position will be more positive. Because it is increasingly clear that with the US trade war with China many industries want to relocate their factories from China to other regions (including Indonesia)," concluded Lembong