KONTAN.CO.ID - JAKARTA. While the government is trying to attract more investors to Indonesia, it has not been able to convince investors to make good on their pledges, an official at the Coordinating Economic Minister’s Office has said. The office's deputy for commerce and industry affairs, Edy Putra Irawady, said only 31 percent of investment pledges from domestic investors and 27 percent of foreign investment pledges had been realized in the last 10 years. “We found that this happened in a number of regions. The [investors] could not materialize their investment plans because of various problems,” said Edy in Bandung, as reported by kontan.co.id on Monday.
Only about 30% investment pledges realized
KONTAN.CO.ID - JAKARTA. While the government is trying to attract more investors to Indonesia, it has not been able to convince investors to make good on their pledges, an official at the Coordinating Economic Minister’s Office has said. The office's deputy for commerce and industry affairs, Edy Putra Irawady, said only 31 percent of investment pledges from domestic investors and 27 percent of foreign investment pledges had been realized in the last 10 years. “We found that this happened in a number of regions. The [investors] could not materialize their investment plans because of various problems,” said Edy in Bandung, as reported by kontan.co.id on Monday.