Indonesia targets investment realization this year of IDR 1,400 trillion. Minister of Investment Bahlil Lahadalia explained that this target is expected to boost economic growth to reach 5%. For now, the government is focusing on boosting investment in the downstream sector with an energy and green industry approach as agreed in last year's Bali G20 agreement. He mentioned, until 2035 the focus is on reaching USD 545.3 billion from 8 commodities. Then minerals and coal amounted to USD 427 billion, gas oil amounted to USD 4 67.6 billion and fisheries USD 50.6 billion. Bahlil said that the State Budget could no longer be a mainstay for driving the country's development. It takes downstream to run this.
In 2017-2018 Indonesia has stopped nickel exports. This made the export value, which was originally USD 3.3 billion, increase to USD 20.9 billion when downstreaming began. "We have banned the export of several commodities including nickel. This year it is bauxite, going forward it will be banned from tin. If we are able to do this, then we will be able to create quality jobs," he explained at the Forkompida event, Tuesday (17/1/2023). Last year, Bahlil said that investment from Singapore continued to increase. Such as Singapore, China and Hong Kong. Not only that investment from the United States (US) also began to grow. "Now the US is in the top 4-5. Europe has 2 countries and Korea and Japan are chasing each other," he explained. With this development, he seeks to make investment from these countries more competitive.
