Bahlil Reveals The Causes Of Failure Of Investors To Enter Indonesia, What Are?

Minister of Investment/Head of the Investment Coordinating Board (BPKM) Bahlil Lahadalia. (Photo: ANTARA)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BPKM) Bahlil Lahadalia revealed a number of reasons that could make investors fail to invest in Indonesia.

One of them is related to domestic political stability.

Bahlil said that investors would not dare to disburse funds if they still felt doubts about political stability and security as well as legal issues.

"Honestly, we say that no investment will enter the Republic if there are doubts about these two things. One reason is stability, the second is legal issues. It will not be possible," he said during a discussion on the Release of Indicator Surveys, Monday, July 11.

Therefore, Bahlil emphasized, Indonesia's economic condition will not improve after the COVID-19 pandemic if it is not supported by the political and national security sectors.

Furthermore, Bahlil admitted that he was quite satisfied with the acquisition of Indonesia's current economic condition. Although not very good, but not too bad.

"The current economic condition cannot be separated from good cooperation with political stability and security. Because it is impossible for our economy to be good, if then it is not backed up with political and security issues," he explained.

On the occasion, the Executive Director of Indonesian Political Indicators, Burhanuddin Muhtadi, said the improving economic conditions after the pandemic made security relatively stable.

He said that national security and economic quality in Indonesia are interrelated.

Currently, in general, security conditions have almost returned to pre-pandemic conditions, this shows a good trend.

"So the extraordinary economy determines the stability of national security, and vice versa if national security is not maintained it will also complicate economic recovery," said Burhanuddin.