Foreign investors looking beyond Java for Indonesian fortunes

Jakarta

GLOBAL investors, attracted by Indonesia's economic reforms under the new Omnibus Law and emerging economic opportunities, have begun to invest heavily in provinces outside of Java.

Despite the Covid-19 pandemic, investors, led by Singapore, poured 817 trillion rupiah (S$80 billion) into industries such as base metal and non-machine equipment manufacturing plants in 2020, said Dendy Apriandi, director of deregulation at the Indonesia Investment Coordinating Board (BKPM).