Jakarta, Aug 1809 (Antara) - The government has set a foreign investment target at Rp386.4 trillion in 2016, or about 53.9 percent of the total investment plan of Rp594.8 trillion in efforts to boost exports.
Indonesia's export performance, which this year has slumped 10.23 percent compared with 2014, needs to be boosted by attracting more foreign investment.
"In order to help export-based industries, we need foreign investment. Of course this will need coordination among the Investment Coordinating Board (BKPM), the Industry Ministry and the Trade Ministry," Trade Minister Thomas Lembong said at a press conference on Wednesday.
The minister said he had held talks with the BKPM regarding investment in sectors that could support export-based industries.
Based on the Trade Ministry's data, the industrial sectors that can be developed because they cater to demand from overseas, include automotive, electronics, timber-based products, textile and textile products, metal and chemical products.
For this the BKPM has projected a bigger foreign investment. BKPM Chief Franky Sibarani said that of the Rp594.8 trillion target in 2016, about Rp386.4 trillion is expected to come from foreign investment or about 53.9 percent and Rp208.4 trillion from domestic investment.
He explained that the secondary sector, or processing industries, is expected to contribute Rp313.5 trillion, or about 52.7 percent.
The tertiary sector, which includes infrastructure, is projected to contribute Rp183.7 trillion, or 30.9 percent while the primary sector, or commodities, is expected to contribute Rp97.6 trillion, or 16.4 percent.
The BKPM is optimistic that investment will support economic transformation from a consumption-based to a production-supported economy.
"The realization of investment that focuses on infrastructure and processing industries will support the creation of production-based economic fundamentals," he pointed out.
In order to achieve its goals, the BKPM will maintain five sectors outlined as investment targets: infrastructure, agriculture, industry, maritime, and tourism.
The investment board will increase the number of countries, which will become its investment focus. The nations on the BKPM's target are the United States, Britain, Australia, the United Arab Emirates, and the Middle East countries.
This is to add to the list of countries that had earlier become the investment focus: Japan, China, South Korea, Singapore, and Taiwan.
"The BKPM will also monitor ongoing investment projects to ensure that they will enter their commercial production phases based on plans, so that they would have a greater impact on the economy," Sibarani remarked.
Thus, exports which have shown a downward trend are expected to be fueled again.
Indonesia's exports in July 2015 were recorded at US$11.41 billion, down 19.23 percent from US$14.12 billion in the same month a year ago.
"The value of the country's exports in July 2015 reached US$11.41 billion, experiencing a decline of 15.53 percent, compared with last June, or a 19.23 percent drop, compared with the same month in the previous year," Adi Lumaksono, Deputy for statistics production at the Central Bureau of Statistics (BPS) said on Tuesday.
Lumaksono said non-oil and non-gas exports in July 2015 touched US$9.99 billion, down 17.23 percent from US$12.06 billion in June 2015. If compared with the US$11.62 billion reported in July 2014, non-oil and non-gas exports last month reflected a 14.11 percent slump.
In total, Indonesia's exports for the January to July 2015 period were pegged at US$89.76 billion, down 12.81 percent from the corresponding period in 2014, which stood at US$102.9 billion.
Trade Minister Thomas Lembong said that Indonesia's trade balance from January to July 2015 still reflected a surplus of US$5.7 billion. But the surplus was due to a decline in imports, not because of an increase in exports.
"I look at the trade balance, we have a surplus. But the surplus happened because of declining imports and not because of increasing exports. This of course is a result of the economic gloom at the export destination countries," Minister Lembong said.
Indonesia's exports to China, which is Indonesia's second biggest export destination country, have also fallen. During the January to July 2014 period, Indonesia's exports to China stood at US$10.16 billion, but during the same period in 2015, they dropped 23.69 percent to US$7.76 billion.
"We have to study what goods China needs from us for developing our bilateral trade. The Chinese economic structure had changed drastically in a very short time. Unluckily, we have are not ready yet to handle that," the minister remarked.
In the meantime, Indonesia's imports in July 2015 stood at US$10.08 billion, which also slipped 28.44 percent, from US$14.08 billion in July 2014.
"Our imports were pressured more than our exports. It cannot be termed encouraging, though from a macro aspect it is good. The decline happened in almost all import categories, including consumer goods, auxiliary products and capital goods," the minister added.
In July 2015, Indonesia's trade balance recorded a surplus of US$1.33 billion, or the biggest surplus over the past 19 months, or since January 2014.
The non-oil and non-gas surplus of US$2.20 billion contributed to the trade balance surplus, although the oil and gas sector contributed a deficit of US$870 million.
In total, Indonesia's trade balance for the January to July 2015 period recorded a surplus of 5.73 billion.
Although Indonesia's trade balance recorded a surplus, Indonesia's exports dropped significantly by 12.81 percent. For the January to July 2015, its exports were recorded at US$89.76 billion, down from US$102.9 billion in the same period in 2014.***3***
(T.A014/H-YH) |
Tidak ada komentar:
Posting Komentar