JAKARTA. The Indonesian Investment Coordinating Board (BKPM) has recorded investments of IDR 584.6 trillion in total, meeting 48.7% of the investment target set for 2022 worth IDR 1,200 trillion.
Bahlil Lahadalia, Minister of Investment and Head of Indonesian Investment Coordinating Board, specified that 47% of total investments came from domestic investments, while another 53% came from foreign investments. During the 2022 Investment Service Award yesterday (13/10), Lahadalia confirmed that the investment target this year, amounting to IDR 1,200 trillion, is indeed higher than the 2021 target of IDR 901 trillion. The increased target is intentional, aiming to maintain economic growth rate above 5%.
Said investments fortunately coincided with the increase in workforce absorption, employing over 639,000 people in total.
According to Lahadalia, in the past four years, Singapore has always been the highest contributor in foreign investments in Indonesia. Hong Kong, China, the United States of America, and European countries follow behind. The investments were focused on Central Sulawesi, followed by Riau and North Maluku. (AM/ZH)