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[News] Corona Has Impacted Indonesia's Ability In Investment
Posted at: 09 March 2020

The Investment Coordinating Board (BKPM) drew attention to the fact that investment activities in Indonesia had been affected by the coronavirus (COVID-19) global outbreak.

Operational activities of several firms were impacted by a plunge in transaction activities, particularly those having trade relations or receiving material supplies from nations, with high infection rates, such as China and South Korea, BKPM spokesman Rizal Calvary Marimbo noted in a statement here on Friday.

"However, the BKPM still recorded investment interest flowing into Indonesia. The impact of the COVID-19 pandemic on the value of investment realization can be measured after the announcement of the realized value of investment in the first quarter of 2020 in April," he explained.

The BKPM has expressed concern over the threat of COVID-19 becoming a global pandemic. The spread of COVID-19 has had an impact on the global economy, especially in terms of industry, trade, investment, and tourism. Indonesia, which is part of the global supply chain, could not avoid the impacts.

The Finance Ministry has constantly monitored the impact of the coronavirus outbreak on Indonesia's economy, as the disease has spread further to 65 nations, including Indonesia.

(source: Antara News)