The Ministry of Investment and Downstreaming/BKPM's Deputy for Investment Implementation Control, Edy Junaedi, expressed confidence in meeting the 2024 investment realization target. As of September 2024, investment realization reached IDR 1,261 trillion, equivalent to 76.45% of the IDR 1,650 trillion annual target. Edy emphasized that collaboration between the government and the private sector has been instrumental in achieving these results. He highlighted the significant growth in Q3 2024, with investment realization of IDR 431.48 trillion, up 15.24% year-on-year. Cumulatively, from January to September 2024, investments totaled IDR 1,261.43 trillion, a 19.78% increase compared to the same period in 2023, reflecting robust investor confidence bolstered by tax incentives and strategic project facilitation.

The BKPM also reminded businesses to submit their Q4 2024 Investment Activity Reports (LKPM), a critical component for evaluating national investment performance and policy impact. Medium and large enterprises are mandated to report for October–December 2024, while small businesses must report for the July–December 2024 period. Reports, due January 1–10, 2025, can be submitted online via oss.go.id and should include updates on project progress, employment absorption, and encountered challenges. Non-compliance may result in administrative sanctions or license revocation. To support timely reporting, the BKPM is hosting virtual LKPM Clinics from December 30, 2024, to January 10, 2025, via Zoom. These sessions, accommodating up to 100 participants daily, provide technical guidance and address reporting queries. “Timely LKPM submissions contribute to maintaining positive momentum and fostering a globally competitive investment climate,” Edy concluded.

Source: https://mediaindonesia.com/ekonomi/730843/bkpm-optimistis-realisasi-investasi-2024-capai-target-