Badan Koordinasi Penanaman Modal (BKPM) mengumumkan pada hari Kamis (22/10) bahwa investasi asing langsung (foreign direct investment/FDI) di Indonesia naik 18,1% pada basis year-on-year (y/y) menjadi Rp 92,5 triliun di kuartal ketiga tahun 2015 dibandingkan dengan kuartal yang sama setahun sebelumnya. Pertumbuhan 18,1% pada kuartal 3 tahun 2015 hampir sama dengan kenaikan FDI 18,1% (y/y) di kuartal sebelumnya. Data FDI dari BKPM tidak mencakup investasi di sektor-sektor perbankan dan minyak & gas di negara ini.

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Beberapa minggu lalu, telah dilaporkan bahwa Presiden Indonesia Joko Widodo meminta Menteri Tenaga Kerja & Transmigrasi Hanif Dhakiri untuk merevisi draft peraturan (dibuat di tahun 2013) yang mengharuskan para ekspatriat lulus tes penguasaan Bahasa Indonesia sebagai persyaratan mendapatkan izin kerja. Menurut Widodo, peraturan ini akan mengurangi daya tarik iklim investasi Indonesia.

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Today, the Indonesian government announced it extended a tax incentive for “pioneering” industries. This term refers to those industries that are considered key industries that cause a multiplier effect in the Indonesian economy (hence boosting economic) and provide employment opportunities for the local population. Examples of such industries are oil refinery, infrastructure, maritime transport, telecommunications, downstream metal production and agriculture processing. The extended incentive is effective per 16 August 2015.

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On 2 August 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic subjects such a forecast for Indonesia’s economic growth in the Q2-2015, an update on the rupiah rate, foreign direct investment realization in Q2-2015, consumer confidence, new tax regulations in the palm oil sector, and more.

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Today (28/07), Indonesian President Joko Widodo, who is often referred to as Jokowi, went on his first state visit to Singapore where he will discuss trade, investment and bilateral issues with Singaporean President Tony Tan Keng Yam, Prime Minister Lee Hsien Loong, and 150 Singaporean CEOs in a bid to enhance cooperation between both nations. President Widodo is accompanied by Indonesian Trade Minister Rachmat Gobel, Chief Economics Minister Sofyan Djalil, and Foreign Affairs Minister Retno Marsudi, among others.

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The Indonesia Investment Coordinating Board (BKPM) announced today (27/07) that - in rupiah terms - foreign direct investment (FDI) in Indonesia rose 18.2 percent (y/y) to IDR 92.2 trillion rupiah in the second quarter of 2015, the fastest growth pace recorded since 2013. However, in US dollar terms, FDI fell to USD $7.38 billion in Q2-2015 from USD $7.43 billion in the same quarter one year earlier. The BKPM uses an IDR 12,500 per US dollar exchange rate in 2015 and an IDR 10,500 per US dollar exchange rate in 2014.

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Although the Indonesian government is having difficulty to enhance infrastructure spending, a statement from Indonesia Investment Coordinating Board (BKPM) Chairman Franky Sibarani conveyed a more positive message. On Monday (20/07), Sibarani announced that since October 2014 the BKPM issued about IDR 335 trillion (approx. USD $25 billion) worth of investment licenses for infrastructure projects, triple the figure from the same period one year earlier, implying that President Joko Widodo’s promotional efforts have had success.

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On the sidelines of the 24th World Economic Forum (WEF) on East Asia, Indonesia’s Chief Economic Minister Sofyan Djalil said that - despite global challenges - the government maintains its economic growth target of 5.7 percent (y/y) in 2015. However, he added that it will require great effort to achieve this target. One key strategy to achieve the target is to attract foreign investment through several policies including tax incentives and by easing the country’s bureaucratic hurdles for investment permits.

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Global credit rating agency Standard & Poor’s remains the only credit rating agency among the big three to maintain its BB+/stable rating on Indonesia’s sovereign credit (which is one notch below investment grade). Both Fitch Ratings (BBB-/stable) and Moody’s Investor Service (Baa3/stable) had already brought Indonesia back to investment grade in 2011 and 2012. Standard & Poor’s has been reluctant to raise Indonesia’s status as it wants to see more results from the country’s economic policy reforms.

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Badan Koordinasi Penanaman Model (BKPM) mencabut 6.541 izin prinsip penanaman modal yang telah diberikan kepada para investor antara tahun 2007-2012 untuk proyek-proyek yang memiliki total nilai 23 miliar dollar Amerika Serikat (AS). Izin prinsip ini adalah langkah pertama untuk para investor asing supaya mereka dapat merealisasikan komitmen investasi mereka di Indonesia (biasanya membutuhlan beberapa tahun tambahan sebelum proyek-proyek ini bisa direalisasikan setelah pemberian izin prinsip).

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On 9 August 2021, Indonesian President Joko Widodo witnessed the launch of the new Online Single Submission (OSS) system at the Investment Ministry (also known as the Investment Coordinating Board, abbreviated as BKPM).

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Subscribers to our reports may remember that we put some question marks behind recent data released by the Investment Coordinating Board (in Indonesian: Badan Koordinasi Penanaman Modal, or BKPM) related to direct investment realization in Indonesia.

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Setelah kabarnya sempat santer terdengar sejak akhir tahun lalu, kini Indonesia punya lembaga Sovereign Wealth Fund, bernama Indonesia Investment Authority (INA). Presiden Indonesia Joko 'Jokowi' Widodo pada Selasa (16/02/2021) telah mengumumkan orang-orang yang menempati direksi lembaga pengelola investasi tersebut. Sebagai permulaan, Jokowi telah memilih Ridha DM Wirakusumah – yang sebelumnya adalah Direktur Utama Bank Permata – untuk didapuk menjadi CEO INA.

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It came as a big surprise to us to learn that direct investment realization in Indonesia expanded in the third quarter of 2020, both compared to the same quarter one year earlier (Q3-2019) and compared to the preceding quarter (Q2-2020).

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The month October in the year 2020 was another volatile month. At the beginning of the month (which we covered in our preceding report) the passing of the Omnibus Job Creation Law triggered a series of demonstrations that have been continuing up to the time of writing this introduction.

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On 15 October 2019 the first edition of the ‘Indonesia Trade & Investment Summit’ was held at the Ritz Carlton ballroom at Pacific Place Jakarta in the Sudirman Central Business District (located in South Jakarta).

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In late-July 2019 Indonesia’s Investment Coordinating Board (BKPM) released the latest direct investment data of Indonesia. The data give rise to some optimism, albeit – generally speaking – direct investment realization comes from a low base in Indonesia (and non-optimal investment realization means the whole economy is not running optimally).

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After nearly nine years of talks and negotiations (although communication between both sides had been put to a halt - amid diplomatic tensions – at more than one occasion over these nine years) Indonesia and Australia finally signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) in Jakarta on 4 March 2019. It is an agreement that launches a brand new chapter in economic relations and cooperation between Australia and Indonesia.

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Based on data from the Indonesia Investment Coordinating Board (BKPM), total direct investment realization in full-year 2018 reached IDR 721.3 trillion, up 4.1 percent compared to the preceding year. However, it means that the government’s investment target of IDR 765 trillion was not achieved.

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Based on the latest data from Indonesia’s Investment Coordinating Board (BKPM), total direct investment (foreign direct investment + domestic direct investment) in Indonesia was rather subdued in the second quarter of 2018, rising by a modest 3.1 percent year-on-year (y/y) to IDR 173.6 trillion (approx. USD $13.1 billion, using the IDR 13,400 per US dollar exchange rate that was set in the 2018 State Budget). As a consequence, Indonesia only achieved 47.3 percent of its full-year 2018 investment realization target in the first half of 2018, thus chances are rather big that the full-year target will not be achieved. It would be the first time Southeast Asia’s largest economy misses its investment realization target in many years.

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