REPUBLIKA.CO.ID, JAKARTA -- The realization of investment in Indonesia reached Rp712.3 trillion last year. It equals to 94.3 percent of the target of Rp765 trillion in the medium-term national development plan, according to the Investment Coordinating Board (BKPM).
"In the fiscal year 2018, we failed to achieve the target, because the investment only reached 94.3 percent of the target," BKPM Chief Thomas Trikasih Lembong said here on Wednesday.
Compared to the previous year, the investment in 2018 rose 4.1 percent, with domestic investment amounting to Rp328.6 trillion and foreign investment amounting to Rp392.7 trillion. The domestic investment represented a 25.3 percent increase compared to the previous year.
However, the foreign investment in 2018 fell 8.8 percent compared to a year earlier. The realization of investment in the fourth quarter of 2018 contributed Rp185.9 trillion, or 25.8 percent of the overall investment throughout 2018.
In the October-December 2018 quarter, the realization of domestic investment reached Rp86.9 trillion, up 28.6 percent of Rp67.6 trillion in the same period of 2017, and the realization of foreign investment totaled Rp99.0 trillion, down 11.6 percent from Rp112,0 trillion in the same period the year before.
BKPM acting deputy for investment control Farah Ratnadewi Indriani stated that the realization of investment in the fourth quarter of 2018 created 255,239 jobs. Cumulatively, the number of jobs created last year reached 960,052.
"Based on business sectors, the investment mostly went to West Java, Jakarta, Central Java, Banten, and East Java," he added.