Domestic Investments Expected to Top Rp 28 Trillion

Tempo Interactive, Tuesday, 08 December, 2009 | 17:13 WIB

TEMPO Interactive, Jakarta:The government is expecting domestic investment for the next five years to be 10 times the value of the 2009 target, valued at US$ 20-30 billion. However, to boost the investment, the government must complete a number of tasks, including revising land release regulations for public projects, such as toll roads, airports, seaports and railways.

This year, the target for domestic investments is US$ 3 billion. Based on the Investment Coordination Agency’s (BKPM) data, domestic investments have reached Rp 32,47 trillion or up by 104.5 percent compared to last year’s Rp 15,88 trillion.

The increase in investments is also expected to be reached by revising the negative investment list, which has been discussed at the departmental level. “However, discussions per sector have not been made,” said Chris Kanter, Indonesian Chamber of Commerce deputy chairman, in Jakarta yesterday.

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