in 2018, Manufacturing Industry Investment Plummeted 17 Percent
Channel Indonesia . The Ministry of Industry said that investment in the non-oil and gas processing (manufacturing) industry was only Rp226.18 trillion in 2018, or dropped by 17.69 percent from last year's Rp274.8 trillion. According to the Investment Coordinating Board (BKPM) data processed by the Ministry of Industry, investment in the manufacturing sector in 2017 also declined from 2016 which reached Rp335.8 trillion. Whereas in previous years, investment in the manufacturing sector has always grown. Airlangga's Minister of Industry said harmonization and synchronization of investment regulations needed time to run optimally. Although the investment trend has slowed in the last two years, Airlangga believes that the renewal of the regulation is able to encourage investors to enter Indonesia. In November, the government issued a revision of the tax holiday facility regulation as stipulated in the Minister of Finance Regulation (PMK) Number 150 / PMK.010 / 2018 concerning Prov...