TEMPO.CO, Jakarta - Investment Minister and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia informed progress on investment realization in early 2023. According to him, the investment target noted in the Medium Term Development Plan (RPJM) is actually Rp1,099.8 trillion, but President Joko Jokowi Widodo set a target of Rp1,400 trillion.

“We have realized 23.5 percent of Rp1,400 trillion in the first quarter of 2023 or Rp328.9 trillion,” Bahlil said in a working meeting with House of Representatives (DPR) Commission VI in the Parliament Building Senayan, Central Jakarta, on Friday, June 9, 2023.

He explained that foreign direct investment (FDI) amounted to 53.8 percent and domestic investment was 46.2 percent. “So foreign and domestic investment grew 20.2 percent and 12.4 percent year on year (yoy), respectively.”

In addition, the investment in Java and outside Java was recorded at 52.6 percent and 47.4 percent, with direct employment of 384,892 people. “The investment outside Java has been more evenly distributed from the third quarter of 2020 until the first quarter of 2023,” he outlined.

According to him, this is in line with President Jokowi's instructions to encourage investment not only in Java but also outside Java. As said by the President, developing Indonesia should not be Java-centric, but Indonesia-centric.

“Alhamdulillah, we are still working hard [for this], and this is also the result of outreach [held by] Commission VI to all its electoral districts. This cannot be tricked that investment in Java and outside Java is now evenly distributed,” Bahlil said.

MOH. KHORY ALFARIZI

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