Cikarang, West Java (ANTARA) - Indonesia's investment target of Rp1,400 trillion (around US$92 billion) for 2023 is achievable despite a political year that is synonymous with a wait-and-see approach, according to Investment Minister Bahlil Lahadalia."Even though we are entering a political year, despite the wait-and-see approach, the investment climate in Indonesia is getting better," he stated at the groundbreaking of a US-based snack food factory in Cikarang, West Java, Wednesday. He noted that this is based on the achievement of investment realization during the first half of 2023, which has reached Rp678.7 trillion, which is 48.5 percent of the target. "I am confident that our investment target will grow, especially in 2023," he emphasized. Despite the uncertain global economic conditions, the minister remarked that Indonesia's economy still grew by 5.17 percent in the second quarter of 2023 with controlled inflation.

Source: Antara News Agency