Angga Bratadharma, reporting for Medcom.Id writes that the Ministry of Investment/ Investment Coordinating Board (BKPM) has released data around Indonesia’s investment realization in 2022, which reached IDR 1,207.2-trillion, exceeding the target of IDR 1,200-trillion set by President Jokowi.
Bahlil Lahadalia, Indonesia’s Minister of Investment/ Head of BKPM said that many people were pessimistic about the president’s target and whether it was achievable or not, but from January to December 2022 investments hit 100.6-percent and actually grew 34-percent compared to 2021 figures. “This is one of the biggest investment growths in the history of the republic,” he claimed.
Using data from BKPM, Medcom.Id say the following countries made the biggest investments in Indonesia in 2022:
- Singapore with USD 13.3-billion.
- China with USD 8.2-billion.
- Hong Kong with USD 5.5-billion.
- Japan with USD 3.6-billion.
- Malaysia with USD 3.3-billion.
The total investment realization consisted of Foreign Investments through PMAs of IDR 654.4-trillion or the equivalent of 54.2-percent of the total investment realization. While the rest is Domestic Investment (PMDN) of IDR 552.8-trillion or 45.8-percent.
On an annual basis (YoY), FDI grew 44.2-percent and PMDN grew 23.6-percent. According to Bahlil, the fact that FDI is still growing is an achievement Indonesia should be proud of, whether you support the government or not, say Medcom.ID