Investment Realization Until September 2023 Capai Rp1,053 Trillion

JAKARTA - The Ministry of Investment/Investment Coordinating Agency (BKPM) recorded a realization in nine months or until the third quarter of 2023 of IDR 1.053 trillion.

As for the third quarter of 2023, this realization has reached 75.2 percent of the president's target in 2023 which reached IDR 1.400 trillion and 95.7 percent of the strategic target of IDR 1.099 trillion.

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said that investment realization from January to September 2023 reached IDR 1.053 trillion.

"The President's target of IDR 1.400 trillion, thank God, in nine months the realization of investment has reached IDR 1,053.1 trillion, grew 18 percent compared to last year and the achievement has reached 75.2 percent," said Investment Minister Bahlil Lahadalia at a press conference, Friday, October 20.

Furthermore, Bahlil said, the absorption of Indonesian workers had reached 1,365,648 people from January to September 2023.

"We ask for labor-intensive industries and technology-based ones to increase labor absorption compared to last year," he explained.

On the other hand, investment realization comes from foreign investment (PMA) reaching Rp559.6 trillion (53.1 percent), growing 16.7 percent yoy.

The rest is domestic investment (PMDN) of IDR 439.5 trillion (46.9 percent), growing 19.5 percent yoy.

In terms of region, investment outside Java still dominates with 51.8 percent or Rp545.8 trillion and Java with 48.2 percent or Rp507.3 trillion.

Meanwhile, based on the business sector, in the third quarter of 2023 the top five investment realizations came from the basic metal industry sector, metal goods, non-machinery and equipment amounting to IDR 146 trillion, the transportation, warehouse and telecommunications sector amounting to IDR 120 trillion, the mining sector IDR 113.3 trillion, the housing sector, industrial and office areas IDR 83.7 trillion, as well as the chemical and pharmaceutical industry sector IDR 76.8 trillion.

Based on the country's origin, investment realization in the third quarter of 2023 is still dominated by Singapore 12.1 billion US dollars, followed by China 5.6 billion US dollars, Hong Kong 5.2 billion US dollars, Japan 3.3 billion US dollars, and the United States 2.4 billion US dollars.