PMA Papua Keeps Up 30 Percent, Pandemic Does Not Disturb the Investment Climate

The Provincial Government (Pemprov) of Papua said, the value of foreign investment (PMA) in the region has increased by 30 percent. Peter Asem, Head of Data at the Office of Foreign Investment and One Stop Services of Papua Province, said that for PMA, the investment value was IDR 1,132.27 trillion or an increase of 30 percent from the fourth quarter of 2019.

“Dominated by the mining sector,” he said, in Jayapura, Tuesday (23/2)

Meanwhile, domestic investment (PMDN), the investment value increased by 20 percent to Rp106.82 trillion and was dominated by the plantation and agricultural sectors. According to Petrus, the existence of Covid-19 does not appear to affect foreign investment and domestic investment.

“Even companies in the small and medium business sector remain active and grow during the Covid-19 pandemic, especially in the field of foreign investment,” he said.

He explained that based on the latest data from Papua, there were 155 companies engaged in PMA, while for domestic investment there were 110 companies.

“The number has increased, but for reporting, it has actually decreased, so in PMA there are only 96 companies that report and PMDN is recorded only for 47 companies,” he said again.

He added that the low reporting submitted by these companies was because many did not understand the latest mechanisms and systems.

Source: JPNN

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *