Makassar, S Sulawesi (ANTARA Sulsel) - The election sentiments have positive impact on investment in Indonesia in the first quarter of 2014, the Capital Investment Coordinating Board (BKPM) said.
Implementation of investment projects reached an all time high at Rp106.6 trillion in the first quarter of this year, BKPM chief Mahendra Siregar said in this South Sulawesi capital on Thursday.
Indonesia held legislative elections in April to be followed with presidential election next month.
Mahendra described as quite an achievement the fact that with a population of around 250 million, wide social and cultural diversity the country could still chalk up an economic growth of 5 percent per year giving strong confidence for investors.
In order to create a sustainable economic growth , a country could no longer rely only on its abundant natural resources and cheap labor, he said.
Competitiveness, adequate infrastructure and good governance are all important factors, he added. Fardah Assegaf
