The Ministry of Investment/Investment Coordinating Board (BKPM) recorded a total investment of Rp 829.9 trillion in the first half of this year, marking a 22.3% annual increase. 

According to a presentation by the Ministry of Investment, foreign direct investment rose by 16.1% to Rp 421.7 trillion, while domestic investment grew by 29.4% to Rp 406.2 trillion. 

The majority, or 50.2%, of investments were located outside Java, amounting to Rp 416.2 trillion. This figure represents a 17.3% increase from January to June 2023, which was around Rp 354.81 trillion. 

Local investors in the first half of this year tended to favor the transportation, warehousing, and telecommunications sectors, with investments totaling Rp 59.9 trillion. The same sector ranked third for foreign investors, with investments reaching US$ 2 billion. 

The most favored sector for foreign investors was the basic metals, metal goods, non-machinery, and equipment industry, which attracted $7.1 billion. The mining sector ranked second for both local and foreign investors, with investments of Rp 53.4 trillion and $2.3 billion, respectively. 

The sector with the largest investment was the basic metals, metal goods, non-machinery, and equipment industry, reaching Rp 122.2 trillion. This was followed by the transportation, warehousing, and telecommunications sector with Rp 89.2 trillion. 

The third position was occupied by the mining sector with investments of Rp 87.9 trillion. Next were the housing, industrial estates, and office sectors with Rp 62.9 trillion, and finally, the other services sector with Rp 59.5 trillion. 

The majority of investments were planted in West Java in the first half of this year, amounting to Rp 128.3 trillion. The country with the largest investment in Indonesia was Singapore, with investments reaching $8.9 billion. 

This achievement was followed by China with $3.9 billion, Hong Kong with approximately $3.8 billion, the United States with $2 billion, and Japan with $1.8 billion. 

All investments in the first half of this year successfully absorbed 1.22 million workers. This figure represents the largest workforce absorption since 2020. 

Original article here

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