REPUBLIKA.CO.ID, JAKARTA -- Uncertainty cast a shadow on investors' decision whether to invest in Indonesia throughout the second quarter of 2016, the Investment Coordinating Board (BKPM) noted.

Based on data from the Central Statistics Agency (BPS), investment's contributions to the national gross domestic product (GDP) in the April-June 2016 quarter grew 5.06 percent compared to the same period last year.

"I think this is my speculative interpretation but admittedly, the second quarter was rather special, with many uncertainties," BKPM Chief Thomas Lembong said after signing a Memorandum of Understanding (MoU) with the BPS here on Monday.

Many parties waited for certainty about a tax amnesty program and a cabinet reshuffle in the second quarter. In addition, the impact of Britain's exit from the European Union (Brexit) and other happenings made investors "wait and see", causing them to put investment proposals on hold, he said.

"So they postponed (the investment proposals). Postponing (the investment proposals) does not mean cancelling them. I hope that with the recent cabinet reshuffle which has received warm welcome from the market and business agents and the passage of tax amnesty bill into law they will soon realize their investment proposals which have been put on hold," he said.

Although various uncertainties have passed, the former trade minister said he still finds it hard to predict certainty about the investors realizing their investment proposals in the next quarter.

The BPS announced earlier the Indonesian economy grew 5.18 percent in the second quarter of 2016, mainly contributed by rising household consumption.

In addition, the second quarter growth was also contributed by non-profit institutions' consumption due to national activities, such as national working congress of political parties and mass organizations.

The agency also noted a significant rise in the government's consumption due to high spending on salaries and goods.

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