China And Singapore Competing To Become The Most Investment Countries In East Kalimantan

Head of the Investment and One Stop Integrated Service (DPMPTSP) of East Kalimantan Province, Puguh Harjanto. (Photo: Doc. Antara)

SAMARINDA - China realized an investment in East Kalimantan (Kaltim) of US$60.25 million until the third quarter of 2022. The value, equivalent to Rp864.61 billion, made China the first position in foreign investment investment (PMA).

"Investments from PMA to East Kalimantan in the third quarter of 2022 totaled 307.32 million dollars or Rp4.41 trillion with the largest contribution from China," said Head of the Investment and One Stop Integrated Service (DPMPTSP) of East Kalimantan Province, Puguh Harjanto, quoted by Antara, Thursday, January 5.

Investment from China contributed 19.6 percent, while 11 packages were carried out in a number of districts/cities in East Kalimantan.

Meanwhile, Singapore occupies the second position with an investment of 49.7 million dollars or equivalent to Rp. 713.31 billion or 16.17 percent of the total investment entering East Kalimantan, for 109 projects. Meanwhile, South Korea is in third place with a value of 49.45 million dollars or equivalent to Rp. 709.67 billion for 9 projects.

Based on the business sector, he said, the mining sub-sector received the largest investment of 142.79 million dollars, equivalent to Rp2.08 trillion, or 46.46 percent of the total PMA realization. Other sub-sectors that contributed quite a lot are the non-metal industry (42.55 million dollars) and forestry (21.04 million dollars).

"Overall, there are 8 business field sub-sectors that contributed to the value of PMA's investment in the third quarter of 2022, then 25 countries invested in East Kalimantan for the 18 business field sub-sectors," he said.

Meanwhile, in terms of employment absorption, the mining sub-sector is able to absorb 1,179 workers (38.47 percent), as well as food crops, plantations, and livestock absorbing 1,039 workers (33.85 percent).

"Followed by business fields from the sub-sector of the non-metal industry that absorbs Indonesian workers as many as 233 people, or reaches 7.59 percent of the total number of Indonesian workers absorbed in the third quarter of 2022," said Puguh.