Padang, (Antaranews Sumbar) - Bank Indonesia's investment in West Sumatra Province was dominated by construction sector in the first quarter of 2018 which indicates that physical development is on the rise.
"Investment showed an increase in early 2018. It is supported by physical sector with growth of 4.11 percent or an increase of 2.76 percent compared to the previous quarter," Chief of West Sumatra BI Endy Dwi Tjahjono stated here on Thursday while describing economic and financial assessment boast.
According to him, private investment especially foreign investment became the main factor.
"The realization of foreign and domestic investment in the first quarter reached 35.3 percent of total target of 2018 which reached Rp4.23 trillion," he noted.
He mentioned the realization of foreign investment reached 42.45 thousand US dollars, especially in South Solok District geothermal.
In addition, the commencement of construction of the first section of Padang-Sicincin toll road contributes to the increase of West Sumatra investment.
On the other hand, the role of government investment in the first quarter is still minimal and partly in the form of government buildings.
Nevertheless, the absorption of government capital expenditure reached 1.93 percent or higher compared to the absorption of government spending capital in the previous quarter. (cha)
Construction Sector Dominated Investment in W Sumatra: BI
Endy Dwi Tjahjono. (Antara Sumbar/Ikhwan Wahyudi.)
