REPUBLIKA.CO.ID, JAKARTA -- The Ministry of Investment/Capital Investment Coordination Agency (BKPM) announced that the realization of investments during 2023 reached Rp 1,418.9 trillion. That figure surpassed the target set by President Joko Widodo (Jokowi) of Rp 1,400 trillion or 101,3 percent.

Meanwhile, the total absorption of labor in the period amounted to 1,823,543 people. “In 2023, our target was raised by the President to Rp 1,400 trillion and in RPJMN by Rp 1,099.8 trillion and Alhamdulillah reached Rp 1,418.9 trillion,” said Minister of Investment Bahlil Lahadalia in a presentation at the Ministry of Investment Building, Jakarta, Wednesday (24/1/2023).

It is mentioned that investment realization during January-December 2023 grew by 17.5 percent on an annual basis or year on year (yoy) compared to the 2022 achievement which reached Rp 1,207.2 trillion. The realization of investments during the last year consisted of the realization of Foreign Capital Investment (PMA) of Rp 744 trillion or equivalent 52.4 percent of the total investment realization, and the realization of Domestic Capital Investment (PMDN) of Rp 674.9 trillion or 47.6 percent.

On an annualized basis, the 2023 PMA realization grew 13.7 percent. PMDN grew 22.1 percent.

It said that the realization of investments throughout 2023 is spread across five main sectors, namely the base metals industry, metal goods, not machinery and equipment, transportation, warehouses and telecommunications, mining, housing, industrial and office areas, and chemical and pharmaceutical industries. Investments during the past year were spread in West Java, DKI Jakarta, East Java, Central Sulawesi and Banten.

Meanwhile, the top five countries that invest the most in Indonesia are Singapore, China, Hong Kong, Japan and Malaysia. Then during the fourth quarter of 2023, investment realization reached Rp 365.8 trillion, growing 16.2 percent on an annual basis (yoy) with the absorption of 457,895 people.

The realization of investments during October-December 2023 consisted of PMA realization of Rp 184.4 trillion (portion 50.4 percent) and PMDN realization of Rp 181.4 trillion (49.6 percent). PMA realisations grew 5.3 per cent on a yoy basis and PMDN realisations grew 29.9 per cent yoy throughout this period.

Next, the five main sectors in the fourth quarter of 2023 are the basic metals industry, metal goods, not machinery and equipment, mining, transportation, warehouses and telecommunications, chemical and pharmaceutical industries, as well as housing, industrial areas and offices. The realization of investments in the fourth quarter of 2023 is mostly spread in West Java, East Java, DKI Jakarta, Central Sulawesi and Banten.

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