The Ministry of Investment or the Investment Coordinating Board (BKPM) reported that investment realization throughout the first semester of 2024 had reached IDR 829.9 trillion or increased by 22.3% (yoy) from last year. According to BKPM, this realization has reached 67% of the total Renstra target of IDR 1,239.3 trillion and 50.3% of President Joko Widodo’s target of IDR 1,650 trillion. With this realization, the absorption of the workforce reached 1,225,042 people. Of the total realization of IDR 829.9 trillion, 50.8% or IDR 421.7 trillion was foreign capital participation (PMA) and the remaining IDR 408.2 trillion or 49.2% was domestic capital participation (PMDN).
In the first semester of 2024, PMA increased by 16.1% annually and PMDN also increased higher, namely 29.4%. Geographically, as much as IDR 413.7 trillion or 49.8% of investment in the first semester flowed to Java. The remaining IDR 416.2 trillion or 50.2% went outside Java. Both Java and outside Java experienced an increase in investment realization, by 27.8% and 17.3% respectively.
PMDN in the first semester was still dominated by the transportation, warehouse and telecommunications and mining sectors, which reached IDR 59.9 trillion and IDR 53.4 trillion respectively. Then followed by housing, industrial areas and offices of IDR 36.6 trillion and trade and repairs of IDR 35 trillion. The fifth position is the food industry of IDR 33 trillion.
Meanwhile, PMA flowed a lot into the basic metal industry sector, metal goods, not machinery and equipment of US$ 7.1 billion and mining of US$ 2.3 billion. The third position is transportation, warehouse and telecommunications and mining of US$ 2 billion and the fourth is the chemical and pharmaceutical industry of US$ 1.9 billion. The fifth position is occupied by the paper and printing industry with US$ 1.8 billion.
In terms of location, in the first semester of 2024, the largest PMDN entered DKI Jakarta and West Java, namely IDR 69.3 trillion and IDR 49.2 trillion respectively. Furthermore, the third position is East Java with IDR 44.1 trillion and the fourth, Riau with IDR 40.3 trillion. Finally, the fifth is East Kalimantan with IDR 24.4 trillion.
Then, the largest PMA in the first semester of 2024 flowed to West Java with US$ 5.3 billion and Central Sulawesi with US$ 3.9 billion. The third position is DKI Jakarta with US$ 3.4 billion and the fourth position, North Maluku with US$ 2.8 billion. The fifth position is occupied by Banten with US$ 2.4 billion.
In terms of investment country of origin, Singapore is in first position with US$ 8.9 billion, followed by China with US$ 3.9 billion and Hong Kong with 3.8 billion. Meanwhile, the United States is in fourth place with US$ 2 billion and fifth, Japan with US$ 1.8 billion.
July 29, 2024, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20240729104401-4-558379/bkpm-lapor-realisasi-investasi-tembus-rp830-t-di-semester-i-2024)