JAKARTA. The Investment Coordinating Board (BKPM) says investment grew 12.7 percent to Rp 170.9 trillion (US$12.85 billion) in the second quarter of 2017 from the Rp 151.6 trillion in the same period last year. “If it is calculated in dollars, investment grew 17.78 percent to $12.85 billion from $10.91 billion in the second quarter of 2016,” BKPM chairman Thomas Lembong said in Jakarta on Wednesday. "The investment figure in rupiah was understated because of the conversion effect due to a stronger rupiah. We used Rp 13,900 per dollar last year and now we use Rp 13,300 per dollar," Thomas said at a press conference at his office.
Investment grows 12.7% in Q2: Investment Board
JAKARTA. The Investment Coordinating Board (BKPM) says investment grew 12.7 percent to Rp 170.9 trillion (US$12.85 billion) in the second quarter of 2017 from the Rp 151.6 trillion in the same period last year. “If it is calculated in dollars, investment grew 17.78 percent to $12.85 billion from $10.91 billion in the second quarter of 2016,” BKPM chairman Thomas Lembong said in Jakarta on Wednesday. "The investment figure in rupiah was understated because of the conversion effect due to a stronger rupiah. We used Rp 13,900 per dollar last year and now we use Rp 13,300 per dollar," Thomas said at a press conference at his office.