Indonesia’s investment realisation in the first quarter of 2023 reached Rp328.9 trillion (US$22.19 billion), or up 16.5 percent compared to the same period of the previous year (year-on-year/yoy), according to the Investment Ministry.
Minister Bahlil Lahadalia said that investment realisation in the first quarter was also 4.5 percent higher compared to the previous quarter (quarter-on-quarter/qoq), that is, the fourth quarter of 2022. He, however, described 2023 as a tough year.
“The realisation of investment in the first quarter of 2023 reached Rp328.9 trillion or 23.5 percent of the investment target (of 2023) of Rp1,400 trillion (US$94.44 billion),” he informed at a press conference here on Friday.
he added the investment helped absorb 384,892 Indonesian workers.
Foreign investment (PMA) realisation during January–March stood at Rp177.0 trillion (US$11.94 billion), or 53.8 percent of the total investment realization for the period and up 20.2 percent year-on-year.
Meanwhile, domestic investment reached Rp151.9 trillion (US$10.25 billion), or 46.2 percent of the total investment realisation in the first quarter of 2023. It also reflected an increase of 12.4 percent compared to the year-ago period.
The ministry reported that PMA realization grew 20.2 percent year-on-year and 1.1 percent quarter-on-quarter. Meanwhile, PMDN realization increased by 12.4 percent yoy and 8.8 percent qoq.
Meanwhile, the five business sectors with the highest investment realisation during the period were the basic metals, metal goods, non-machinery, and equipment industry; transportation, warehouse, and telecommunications sector; mining sector; housing, industrial, and office area development; as well as chemical and pharmaceutical industry.
The manufacturing industry sector contributed 42.5 percent to the total investment realisation in January–March.
