According to data from the Investment Coordinating Board (BKPM), foreign investment realization in Indonesia reached US$168.9 billion in the third quarter of 2022. The largest foreign investment (PMA) in the third quarter of 2022 went to the base metal industry, metal goods, not machinery and equipment, namely USD 2.78 billion. This value is equivalent to around 1.64% of the total FDI realization in that period. Next, the electricity, gas and water sectors received FDI realization of US$1.22 billion or around 0.72% of the total FDI realization in the third quarter of 2022. Then the mining sector received FDI realization of US$1.05 billion. Furthermore, the chemical and pharmaceutical sectors received USD 958.42 million; the transportation, warehouse and telecommunication sector USD 859.24 million; as well as housing, industrial areas and offices of USD 765.49 million. Then the food industry sector received foreign investment of USD 698.7 million; paper and printing sector USD 648.22 million; the food crop, plantation and livestock sector USD 503.09 million; while other services sector USD 319.44 million. The trade and repair sector has the highest number of FDI projects in the third quarter of 2022 with a total of 4,719 projects. Followed by other services with 3,293 projects, and hotels and restaurants with 2,696 projects. Meanwhile, in the fourth quarter of 2022, the Ambassador of the United States (US) assessed that the investment climate in Indonesia could be disrupted due to the new Criminal Code (KUHP) which was passed by the DPR on Tuesday (6/12/2022). US Ambassador to Indonesia Sung Kim assessed that the new Criminal Code contains a number of articles that regulate the private sphere, so that it has the potential to discourage foreign investors from investing. "Criminalization of individual personal decisions will become a big part of the decision matrix for many companies in determining whether to invest in Indonesia or not," said Sung Kim in a press release, Tuesday (6/12/2022). "The result could result in reduced foreign investment, tourism and travel," he said.
Friday, 09 December 2022 03:17
This is The Sector Most Attractive to Foreign Investors in The Third Quarter of 2022
