The BKPM's investment realization data shows that investment in Indonesia grew 13.7 percent year-on-year to Rp 200.5 trillion in the second quarter of 2019. This is also 2.8 percent higher than the first quarter's Rp 195.1 trillion. Investment in the second quarter contributed 25.3 percent to the government's Rp 792 trillion target for 2019.
Cumulatively, investment in Indonesia increased 9.4 percent year-on-year to Rp 395.6 trillion in the first half. Domestic investment amounted to Rp 182.8 trillion in the period, while the coveted foreign direct investment stood at Rp 212.8 trillion. These investments created 490,715 new jobs in the first half.
As Indonesia celebrates 74 years of independence, the government has highlighted the importance of human resources development. President Joko "Jokowi" Widodo has also indicated that his second-term administration would prioritize this.
Investment will be instrumental in the process of improving the capacity of Indonesia's human resources.
(source: The Jakarta Globe)