Head Of BKPM Believes Investment Target Of IDR 1,400 Trillion Achieved

Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia. (Photo: Doc. ANTARA)

CIKARANG - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia believes that the investment target in 2023 of IDR 1,400 trillion will still be achieved even though it has entered a political year that is synonymous with the wait and see attitude.

"I want to say that even though we have entered politics, we have entered the wait and see, but thank God the investment process in Indonesia is getting better day by day," he said, quoted from Antara, Wednesday, August 30.

According to Bahlil, this belief is based on the realization of investment throughout the first semester of 2023 which has reached IDR 678.7 trillion or 48.5 percent of the target of IDR 1,400 trillion.

"I believe in all of you that God willing, our investment target will grow, especially in 2023," he said.

Bahlil said, in the midst of global economic conditions full of uncertainty, the Indonesian economy still grew by 5.17 percent in the second quarter of 2023 with maintained inflation.

This brilliant achievement brought Indonesia as one of the countries with the best economic growth in the world beating the US, Europe, Korea and Japan.

Indonesia's economic growth is equivalent to the economic growth of India and China.

"Therefore, in my opinion, it would be a loss then if friends who carried out the industrial process did not build their manufacturing in Indonesia," he said.

Bahlil also emphasized that investment in Indonesia is not only dominated by investors from certain countries.

The United States, even now is among the top five countries that invest the most in Indonesia, along with Singapore, China, and Hong Kong.

"In relation to investment, America is now in the top five. So it is not true that Indonesia only takes care of a certain country. America has entered the top five," said Bahlil.

Previously, investment realization during the first semester of 2023 which had reached IDR 678.7 trillion, grew 16.1 percent compared to the achievement in the previous period and was able to absorb 849,181 workers.

Throughout January-June 2023, the realization of foreign investment (PMA) reached IDR 363.3 trillion (53.5 percent) and the realization of domestic investment (PMDN) reached IDR 315.4 trillion (46.5 percent).

Singapore, China, Hong Kong, Japan, and the United States are listed as the top five countries with the most investment in Indonesia during Semester I 2023.

"I am grateful that even though our condition is entering a political year but the trust is global, domestic entrepreneurs are still there for the development of our country," said Bahlil.