Using A Strategy Like Juventus, Bahlil Is Optimistic That The Investment Realization Target Of IDR 1.200 Trillion Is Reached

Investment Minister Bahlil Lahadalia (Photo: Doc. Antara)

JAKARTA - Investment Minister/Investment Coordinating Agency (BKPM) Bahlil Lahadalia is optimistic that he will achieve the investment realization target set at IDR 1.200 trillion this year despite challenges in the global economy.

The strategy prepared by the Investment Ministry, said Bahlil, is to utilize or encourage the completion of investments that previously received tax holiday incentives. The total investment value of potential investors who have received tax holiday incentives but have not been realized has reached IDR 1.300 trillion.

"So besides we are looking for investment from outside, we are pushing what is already inside. As before, the conditions are like playing football, like Juventus, defending and attacking," he said recently, quoted on Monday, July 11.

Bahlil is optimistic that with this strategy, the investment realization target of IDR 1.200 trillion will be achieved. He also believes that investment realization in the second quarter of 2022 will increase higher than the previous quarter.

In the first quarter of 2022, investment realization was recorded at IDR 282.4 trillion, a significant increase of 28.5 percent on an annual basis or 16.9 percent on a quarterly basis. From this realization, it was recorded that domestic investment (PMDN) reached IDR 135.2 trillion or grew 25.1 percent annually, and foreign investment (PMA) reached IDR 147.2 trillion or grew 31.8 percent annually.

"Why is the investment performance in 2021 good, because there are stalled investments," he said.