Investment Coordinating Board (BKPM) chairman Franky Sibarani has said the weakening of the rupiah, which has recently been
\nabove Rp 13,000 per US dollar, poses no significant problems for investors.<\/p>\n
\u201cAt meetings, we ask [investors] what they think about the rupiah exchange rate, which stands at around Rp 13,000 per dollar.
\nThey always say: \u2018It\u2019s not a problem\u2019,\u201d he said as quoted by Antara in Jakarta on Wednesday.<\/p>\n
The weakening of the rupiah, Franky said, had in fact benefitted export-oriented sectors. In his visits to two investment
\nprojects in Central Java on June 22, the BKPM head said he had witnessed first-hand that the rupiah\u2019s performance was not
\naffecting two sectors, namely automotive components and fisheries.<\/p>\n
All produce of the fisheries sector, which solely used Indonesian\u2019s natural resources, he said, was for export markets.
\nMeanwhile, 90 percent of raw materials for investment projects in the automotive component sector was produced locally and
\naround 76 percent of its products were exported.<\/p>\n
\u201cI haven\u2019t yet received any complaints from investors in projects that depend on imported raw materials. Thus, again, there is
\nno problem with the [rupiah depreciation],\u201d said Franky.<\/p>\n
He further said investors still considered Indonesia \u201cquite promising\u201d in terms of its business management and investment climate.<\/p>\n
As of June 1, BKPM had recorded investment potential amounting to almost US$150 billion or Rp 2 quadrillion, Franky said.<\/p>\n
\u201cThat includes a number of categories. Some would-be investors are serious and some of them are prospective, while others have
\njust shown interest,\u201d said Franky. (ebf)(++++)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/investors-calm-over-weak-rupiah-bkpm",
"image": "BKPM.png"
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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