VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Minister of National Development Planning -PPN/Head of the National Development Planning Agency (Bappenas), Bambang Brodjonegoro at the US-Indonesia Investment Summit in Jakarta recently said that so far, US investment has been dominant in the mining sector in Papua. This occurred until the end of 2017. However, the trend changed in the first semester of 2018. The sector in demand by the US shifts to the hotel and restaurant or tourism sector in Jakarta. In the second quarter of 2018, US investment in Indonesia was recorded at US$ 273.9 billion or in the seventh place.

"There is interesting data regarding American investment in Indonesia for the previous periods until 2017; the US investment was dominated by one sector in one region, mining in Papua. I don't need to say what company is. But that is the dominant investment from America in Indonesia, mining in Papua. But in 2018 semester one, it is still the nature of temporary data; the temporary data turns out that American investment in Indonesia is shifting. One sector is one area; one sector is hotel and restaurant in Jakarta. So what does that mean? There has been a shift towards tourism investment from the United States," Bambang Brodjonegoro said.

Furthermore, Minister Bambang hopes that this trend will continue because in the end, Indonesian and US economies must expect tourists and tourism. He added that US investment in Indonesia is still low compared to Singapore, Japan and China. The share of US investment in Indonesia only ranges from 3.1 percent to 6.2 percent. Therefore, Minister Bambang said, Indonesia opens up many opportunities for the US to invest in Indonesia, including in the tourism sector outside Jakarta and Bali which have been the main investment destinations. (Rezha/Trans by R)