The Investment Coordinating Board (BKPM) noted that investment realization in Q1 of 2023 increased by 16.5% compared to the same period in 2022. Currently, the total investment made has reached IDR 328.9 trillion (US$ 22.4 billion) and created jobs for 384,892 workers.
In Q1 of 2022, the amount of Domestic Investment (Penanaman Modal Dalam Negeri – PMDN/Domestic Direct Investment – DDI) reached up to IDR 135.2 trillion, while the amount of Foreign Investment (Penanaman Modal Asing – PMA/Foreign Direct Investment – FDI) reached up to IDR 147.2 trillion.
The number increases by 16.5% in the Q1 of 2023, with DDI recorded at IDR 151.9 trillion, and FDI recorded at IDR 177 trillion.
Out of the total investment value of IDR 328.9 trillion, as many as 52% or IDR 172.9 trillion was made outside Java Island, and the remaining 48% or IDR 156 trillion was made in Java Island.
With respect to investment regions, West Java received IDR 50 trillion of investment, followed by DKI Jakarta with IDR 35 trillion, East Java IDR 30 trillion, Central Sulawesi IDR 28.9 trillion and Banten IDR 25.7 trillion.
The investment made in Q1 of 2023 is divided into a number of sectors, such as:Â
- Base metal, metal goods, non-machinery and equipment industries (IDR 46.7 trillion);
- Transportation, warehouse and telecommunication (IDR 36.1 trillion);
- Mining (IDR 33.5 trillion);
- Housing, industrial areas and offices (IDR 27.9 trillion);
- Chemical and pharmaceutical industry (IDR 22.6 trillion).
BKPM is optimistic that with the support of investment realization in Q1 of 2023, the economy will grow. Currently, investment realization has reached 23 percent with a target of IDR 1,400 trillion.
