City's Investment Realization in This Year's Second Quarter is Highest Nationally

Jakarta Provincial Government has noted that the highest investment realization value nationally in this year's second quarter or April to June with a total investment value of Rp 30.1 trillion.

Despite we are in the midst of COVID-19, this shows that there is still expansion in investment in the capital

In details, the realization of Jakarta foreign direct investment (PMA) is as much as USD 0.8 billion or equivalent to Rp 12.2 trillion at the 2020 State Budget (APBN) rate of USD 1 = Rp 14,400. As for the realization of Jakarta Domestic Direct Investment (PMDN) is amounting to Rp 17.9 trillion.

"Based on the Investment Coordinating Board (BKPM)'s data, the city has achieved PMA and PMDN investment realization by Rp 30.1 trillion in this year's second quarter. We rank first as a province with the highest investment realization in Indonesia," said Jakarta Capital Investment and One-stop Service (PMPTSP) Agency Head, Benni Aguscandra, Monday (8/10).

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Thereby the PMA and PMDN realization along this year's first semester was Rp 50.2 trillion from January to June or contributing 12.5 percent of the total realization of national PMA and PMDN investments, which amounted to Rp 402.6 trillion.

"Despite we are in the midst of COVID-19, this shows that there is still expansion in investment in the capital," he stated.

He went on to say that there was a decrease in the realization of foreign direct investment by 10.29 percent in this year's second quarter when compared to the same period of last year.

The cause was the pandemic that hit countries in the world, which resulted in an impact on the global economy resulting in a slowdown in investment performance.

However, the opposite happened to the realization of PMDN investment in the second quarter, which increased by 10.49 percent.

"This achievement is proof that the various policies of the city amid the COVID-19 pandemic towards a healthy, safe and productive society are welcomed by investors and continue to create a conducive business environment in Jakarta," he explained.

He added the agency was aggressively promoting potential projects to investors, despite it was carried out with New Habit Adaptations following the health protocol.

"We also always present innovations in licensing and non-licensing services that make it easier for businesses to build their businesses in the capital," he stated.