Indonesia Tourism Development Focus on 10 Tourisms Destination Priorities .
The World Bank ’ s latest Indonesia Economic Quarterly Report declared that tourism was a promising field that could generate significant private investment for the nation .
In the first half of this year , Indonesia received $ 858.7 million as investment poured into the sector .
Apart from tourism , other areas that BKPM will rely on to raise investment are the basic metal industry and petrochemicals , both of which form the backbone of the domestic industry , Thomas said . According to Thomas , BKPM may roll out new measures to lure more investment in the near future , but no details could be disclosed as plans were still being discussed with offices of coordinating ministers and the Presidential Office .
“ From the BKPM ’ s side , what we can do is sort out issues relating to regional administrations . I have already spoken to the Home Ministry , which holds power over the regional bodies so that the BKPM ’ s technical requests can be fulfilled in order to boost investment in those areas ,” he said .
In the past two years , the investment body has launched several initiatives to improve its service to potential investors , most notably one-stop integrated service centers to ease the process of applying for a business permit .
Around Rp 453 trillion in investment has been realized in Southeast Asia ’ s largest economy from January to September , up 13.4 percent from 2015 . The figure consists of Rp 295 trillion of foreign investment and Rp 158 trillion in domestic investment , increases of 10.6 percent and 18.8 percent , respectively , from the past year . Another sector that can help attract investment and will be looked at after the next year is the creative economy industry , which Creative Economy Agency chairman Triawan Munaf called an excellent contributor to Indonesia ’ s gross domestic product ( GDP ) growth .
One particular aspect of the creative economy that will be focused on is the increasing number of cinemas in Indonesia , he said . “ It remains a lucrative part of the creative economy , the prevalence of cinemas boosts the film industry as well ,” Triawan said .
Previously , the head commissioner of PT Graha Layar Prima , Bratanata Perdana said that his company was targeting to open eight new cinemas in the near future , a plan that requires Rp 150 billion to Rp 200 billion . Graha Layar Prima is the operator of a number of CGV Blitz cinemas scattered nationwide .
Early this year , the government scrapped the film industry from the negative investment list , paving the way for new foreign investment . Thomas also added that the culinary and fashion sectors , which are parts of the creative economy , were also formidable factors in propping up exports and imports and thereby potentially increasing investment opportunities .
2 Trade & Investment Bulletin | Number IV / January 2017