BKPM Postpones FDI Report Following Cabinet Reshuffle
Jakarta. Indonesia's Investment Coordinating Board, or BKPM, has postponed the issuance of the first half of its 2016 foreign direct investment realization report to a later undetermined date as President Joko "Jokowi" Widodo announced his decision to revise his cabinet for the second time during his tenure on Wednesday (27/07).
Thomas Trikasih Lembong, the former Trade Minister, will replace Franky Sibarani as BKPM chairman.
"I think the [reshuffle] is meant for the better and won't disrupt any investment [plans in the pipeline]," BKPM deputy director of investment monitoring and implementation, Azhar Lubis, told reporters.
"I believe Thomas Lembong is [accustomed] to investments during his previous tenure in the cabinet," Azhar added.
BKPM is also unlikely to revise its existing targets of attracting Rp 595 trillion ($45 billion) in total foreign investment this year, up 9 percent from last year's realization of Rp 545.4 trillion, Azhar added.
"We are facing many challenges. We must overcome poverty and close the gap between the rich and poor, closing the disparity among regions," Jokowi said.
"We have to strengthen our economy to face challenges in the global economy which is weakening and at the same time increasingly challenging," he added.
"The challenges will be always changing; that needs speed to decide and speed in taking action," Jokowi said.
“I want the cabinet to give maximum efforts to work faster in a solid team so that the results can be perceived by public as soon as possible. Based on some considerations, I and Vice President Jusuf Kalla have decided the second cabinet reshuffle,” Jokowi said.
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