JakartaPost-Feb 9

Massive investment is needed for the economy to grow by 5 percent year-on-year (yoy) in 2021, with a major contribution from the private sector, according to the National Development Planning Agency (Bappenas). It further estimates that investment expenditure would have to be between Rp 5.81 quadrillion (US$372.97 billion) and Rp 5.91 quadrillion this year. “To grow the economy, investment is needed,” National Development Planning Minister Suharso Monoarfa said in a virtual presser on Tuesday. Indonesia’s real investment expenditure, which accounted for nearly one-third of the economy, was down by 4.95 percent last year from 2019.
Read more at: https://www.thejakartapost.com/news/2021/02/09/indonesia-targets-over-372-billion-in-investment-to-speed-up-recovery.html.