5 Of Indonesia's Largest Investment Countries, China Takes Second Place

JAKARTA - The Ministry of Investment/Investment Coordinating Agency (BKPM) reported the five countries with the largest investments in Indonesia during the first semester of 2024. Singapore occupies the first position, while China is in second place.

Investment Minister/Head of BKPM Bahlil Lahadalia said Singapore was still the country with the most investments in Indonesia in the first semester of 2024.

"This semester Singapore, China, Hong Kong, the United States, and Japan," Bahlil said at the Investment Realization Press Conference in Quarter II and Semester I 2024, at the Ministry of Investment office, Jakarta, Monday, July 29.

Bahlil said Singapore was recorded to have invested with a nominal value of US$8.9 billion until the first semester of 2024. The second position, continued Bahlil, was occupied by China with US$3.9 billion.

The third position, continued Bahlil, is Hong Kong with an investment realization of 3.8 billion US dollars. Then, the United States with a nominal value of 2 billion US dollars. Finally, Japan 1.8 billion US dollars.

Earlier Korea (investment realization) in the second quarter of 2024 number four. But this is Japan (in fifth position)," he said.

Previously, Bahlil Lahadalia revealed that investment realization in the first semester of 2024 reached IDR 829.9 trillion. This figure increased 22.3 percent compared to the same period the previous year.

Referring to data from the Ministry of Investment, during that period the most disbursed was foreign investment (PMA) with a nominal value of IDR 421.7 trillion, an increase of 16.1 percent on an annual basis.

Meanwhile, domestic investment (PMDN), continued Bahlil, reached Rp408.2 trillion, an increase of 29.1 percent from the same period the previous year.

"Alhamdulillah, one semester now reaches IDR 829.9 trillion, growing 22.3 percent. With a target of IDR 1,650 trillion, now we have 50.3 percent. So whoever is my successor, he just has to find 49.7 percent," Bahlil said at the Investment Realization Press Conference in Quarter II and Semester I Year 2024, at the Ministry of Investment office, Jakarta, Monday, July 29.

Bahlil revealed that with the realization of the investment, the Ministry of Investment noted that 1,225,042 workers had been absorbed throughout the first semester of 2024.

Furthermore, Bahlil said that the realization of investment in the first semester of 2024 was mostly targeted at areas outside Java. The portion reaches 50.2 percent outside Java and 49.8 percent in Java.

In detail, investment outside Java reached IDR 416.2 trillion. This figure increased 17.3 percent from the same period the previous year.

Meanwhile, continued Bahlil, investment in Java reached IDR 413.7 trillion. This figure increased by 27.8 percent from the first semester of 2023.

Java and outside Java in 2023, in the first semester of 2023 it was 52.3 percent. Now 50.2 percent, we have to run this again, especially toll roads in Java, West Java and Central Java, East Java, DIY has quite an extraordinary impact on considerations than investors. Because entering the logistics cost is much cheaper," he explained.