Govt Explains Current Political Situations to Japanese Investors

Indonesia will hold simultaneous general and presidential elections on April 17. (Photo:Medcom.id/Fikar)

Tokyo: The Indonesian government has ensured Japanese companies and investors that the 2019 simultaneous general and presidential elections is unlikely to impact economic activities.

"The political tension may increase. But the condition will stay conducive," Finance Ministry's Fiscal Policy Agency head Suahasil Nazara said here on Thursday.

Indonesia will hold the first ever simultaneous general and presidential elections on April 17. Voters will elect the president and lawmakers on the same day.

"The result will be known on the same day. The winner will be inaugurated in October," Bank Indonesia senior deputy governor Mirza Adityaswara told the participants of the meeting.

According to the Investment Coordinating Board (BKPM), domestic and foreign direct investment realization in Indonesia reached Rp721.3 trillion in 2018. It grew by 4.1 percent compared to 2017.

In the meantime, foreign direct investment realization in Indonesia reached Rp328.6 trillion last year. It declined by 8.8 percent compared to the previous year.

(WAH)

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