Investment to South Sumatra declined 3.04 yoy in Q1 2025, but jobs created doubled

Realized investments to South Sumatra Province reached Rp13.72 trillion in the first quarter (Q1) of 2025, a 3.04 percent year-on-year (yoy) decline, or around Rp420 billion, compared to the Rp14.4 trillion recorded during Q1 2024.

"Investment realization reached Rp13.72 trillion in the first quarter, or 32.26 percent of the South Sumatra Regional Medium-Term Development Plan (RPJMD) target of Rp42.5 trillion," said Acting South Sumatra Investment and One-Stop Integrated Services Agency (DPMPTSP) Secretary Eko Agusrianto.

He stated that domestic investments accounted for the most with Rp9.84 trillion, while foreign investments reached Rp3.88 trillion. Eko stated that the largest sector contributing towards total investments to South Sumatra in Q1 2025 was mining, which reached Rp3.42 trillion. It was followed by the electricity, gas, and water sector with Rp1.61 trillion, the chemical and pharmaceutical manufacturing sector with Rp1.59 trillion, the paper and printing sector with Rp1.52 trillion, and the food crops, plantations, and livestock sector with Rp1.4 trillion.

"For foreign investments, the dominant countries of origin were Singapore with Rp1.65 trillion, China with Rp1.17 trillion, Malaysia with Rp496 billion, the United Kingdom with Rp166 billion, and Japan with Rp123 billion," Eko revealed.

The realized investments created jobs for 15,810 people in Q1 2025, doubling the 8,233 jobs created in Q1 2024. Meanwhile, Eko was optimistic that South Sumata's investment target in the RPJMD could be achieved this year. He also urged business actors to submit their investment activity reports (LKPM) on time so they could be recorded by his office.