Investment commitments likely to reach Rp. 45.8t
Investment commitments likely to reach Rp. 45.8t
JAKARTA (JP): Investment commitments in the city are projected
to reach Rp 45.8 trillion (about US$21 billion) in the current
sixth five year development plan (Repelita VI), three times
higher than during Repelita V, which ended in April, a city
official says.
M. Subana Kusika, head of the Jakarta Investment Coordinating
Board (BKPMD), said over the weekend that the projection is based
on excellent achievements in Repelita V in which the realization
figures of its investment commitments was far higher than the
targets set at the beginning of the five-year period.
BKPMD data, for example, the domestic and foreign investment
commitments, respectively, reached 632.33 percent and 385.58
percent higher than the targeted figures.
The data show that there were 1,945 local and foreign
companies investing in the city in the previous Repelita with
total commitments amounting to Rp 25.71 trillion and $9.52
billion, respectively.
Out of the 1,945 firms, 1,177 were built and owned by local
businessmen and the other 768 by foreign investors, according to
the data.
Subana said that in the period between January and September
of this year alone foreign investment commitments in the city
reached US$818.35 million for the development of 61 projects.
The domestic investment commitments in the same period, he
said, reached Rp 4.58 trillion ($2.10 billion) for the
establishment of 121 projects.
Reaching the target is expected to help support the country's
economic growth, which has been about 7 percent during the
current Repelita VI, he said.
Subana said that from January to September of this year,
foreign companies invested mainly in real estate and office
buildings with combined commitments of $350.39 million. Local
investment commitments for hotel development reached Rp 1.15
trillion.
Japan remained the biggest investor in the city from 1964
until this year by investing in 192 projects with total
commitments of $3.44 billion, followed by Hong Kong with 100
projects worth $1.47 billion and Singapore with 64 projects
valued at $1.25 billion.
He said that the city administration will take more heed of
workers' safety problems in an effort to reach their goals.
"We have to deal with activities which are focused on the
improvement of workers' welfare, quality and security as well as
other benefits which guarantee workers' rights when they are
involved in accidents," he said.
Explaining that workers will give their best if their welfare
is guaranteed, he said that his office plans to hold a discussion
forum to discuss work safety at Horison Hotel in North Jakarta
tomorrow.
The forum is expected to be attended by Governor Surjadi
Soedirdja, Minister of Manpower Abdul Latief and local
businessmen, he added. (yns)