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THE INDONESIAN Ministry of Investment/Investment Coordinating Agency (BKPM) recorded that the total realization of investment in Indonesia (RI) was IDR901 trillion during 2021. Of this total, the contribution of Foreign Investment (PMA) was IDR454 trillion, or 50.4% of the total value of realized investment in 2021.
The Minister of Investment/Head of BKPM, Bahlil Lahadalia revealed, there are 4 Asian countries that are included in the top 5 countries of origin for FDI in 2021. The first position is occupied by Singapore. The total investment recorded from neighboring Indonesia is US$9.4 billion. If converted into Rupiah, this figure is equivalent to IDR135.1 trillion (assuming an exchange rate of IDR14,375 per US dollar).
Then in second position is occupied by Hong Kong, which contributes US$4.6 billion of Indonesia’s total FDI in 2021. China is in third place, with an investment value of US$3.2 billion from that country.
The existence of China in the third position, according to Bahlil, proves that the Bamboo Curtain Country is not the main country for investors in Indonesia. Such is the issue circulating in the community in recent years.
“So, it’s not true that the investment is only from China. So, don’t say that anymore,” said Bahlil in his presentation regarding the realization of investment in Indonesia, Thursday (27/1/2022).
Continued in fourth position, occupied by the United States. With the contribution of FDI in Indonesia of US$ 2.5billion. And in fifth position is Japan, whose total investment is US$2.3 billion.
Bahlil revealed, the more dominant contribution of PMA proves that the Job Creation Act has a positive impact on the investment climate in Indonesia.
“The accumulation of PMA is 50.4% of the total investment. Now, this is a positive sentiment from foreigners towards the implementation of the work copyright law. And we have to keep this trend. This also shows that the distribution of countries interested in investing in Indonesia is getting better,” he concluded. [antaranews/photo special]
