According to a recent article published by Tempo, Bahlil Lahadali, Indonesia’s Investment Minister and Head of the Investment Coordinating Board (BKPM), has announced that there has been a 2.3-percent quarterly increase in actualised investment in 2022, which translates to 30.3-percent growth, Year on Year (YoY), and a value of IDR 314.8-trillion.
The Minister explained these investments have had a significant and positive impact on Indonesia’s employment figures, which currently stand at historic highs.
In Q4/ 2022, domestic investment reached IDR 139.6-trillion, accounting for 44.4-percent of all investment realization in the fourth quarter. The figure is higher by 0.5-percent on a quarterly basis and up by 17.0-percent YoY, say Tempo.
Meanwhile, foreign investments amounted to IDR 175.2-trillion or 55.6-percent of the period’s total, increasing by 3.7-percent from the previous quarter and growing by 43.3-percent YoY.
The volume of actualized investments outside the island of Java accounted for 52.2-percent with IDR 164.2-trillion, while in Java, the investment realization reached IDR 150.6-trillion or 47.8-percent.
Five sectors have contributed the most to Q4 investments. These are:
- Mining with IDR 39.8-trillion;
- Basic metal, metal goods and equipment industry with IDR 39.4-trillion;
- Transportation, warehouse and telecommunication industry with IDR 36.8-trillion;
- Chemical and pharmaceutical industries with IDR 33.5-trillion, and
- Housing, industrial and office space with IDR 28.9-trillion.