Towards The End Of The Year, The Government Urges Business Actors To Immediately Report Investment Developments In 2023

Special Staff to the Ministry of Investment/BKPM Tina Talisa. (Photo: Doc. ANTARA)

JAKARTA - The Ministry of Investment/Investment Coordinating Agency (BKPM) continues to strive to achieve the investment realization target in 2023, as has been set directly through the direction of Indonesian President Joko Widodo, which is IDR 1,400 trillion.

To record the achievement of this target, the Ministry of Investment/BKPM has begun to appeal to business actors to submit the Investment Activity Report (LKPM) for the fourth quarter or second semester of 2023.

LKPM in the fourth quarter and second semester of 2023 can be submitted from December 20, 2023 to January 10, 2024 through the oss.go.id website in the Reporting menu. The submission of LKPM through the Online Single Submission (OSS) system has the principle of Self Declaration, where business actors are fully in power in filling the development of the realization of their own investments.

Special Staff to the Ministry of Investment/BKPM Tina Talisa reminded all business actors, both Foreign Investment (PMA) and Domestic Investment (PMDN) to submit LKPM for the period of the fourth quarter and second semester of 2023.

"After carrying out investment activities, of course business actors will report their business activities to the Ministry of Investment. This obligation is fulfilled through the submission of LKPM, so that we can monitor the development of the realization of company investment and facilitation if there are obstacles," Tina said in her official statement, Wednesday, December 20.

Tina also said that the Ministry of Investment/BKPM will provide assistance related to filling out LKPM to avoid errors in filling in investment realization data by business actors.

Meanwhile, this assistance is also referred to as the 'LKPM Clinic', which is in the form of free online consultation which is opened with a limited quota every day in the reporting period. The LKPM Clinic is held from today until January 10, 2024.

"Friends of business actors, please take advantage of this facility, especially small business actors who are required to report their business in the second semester," explained Tina.

Just so you know, in the third quarter, the investment realization value was recorded at IDR 374.4 trillion and cumulatively during the period January to September 2023, the investment realization value reached IDR 1,053.1 trillion or had met 75.2 percent of the 2023 target.

For the first time, data on investment realization in the downstream sector was also released. The downstream sector in the period January to September 2023 recorded a realization of IDR 266 trillion, as much as 25.3 percent of the total investment in the same period.

"Hilirization is a way for Indonesia to carry out economic transformation in order to become a developed country," he said.