Investments to Central Kalimantan in 2024 exceeds BKPM target by 114.48 percent

Central Kalimantan Province Investment and One-Stop Integrated Services Office (DPMPTSP) Head Sutoyo revealed that realized investments to Central Kalimantan reached Rp21 trillion in 2024, exceeding the Rp18.96 trillion target set by the Investment and Downstream Ministry/Investment Coordinating Board (BKPM) by 114.48 percent.

"Alhamdulillah, Central Kalimantan has been able to exceed the target set by BKPM once again," said Sutoyo when met in his office on Feb. 25, 2025.

Realized investments to Central Kalimantan in the fourth quarter (Q4) of 2024 reached Rp4.98 trillion, consisting of Rp3.48 trillion of domestic investments, or 69.88 percent of the total, and Rp1.5 trillion rupiah of foreign investments, or 30.12 percent of the total. Despite a 33.82 percent decline quarter-to-quarter (qtq), theh total investment figures throughout 2024 reached Rp21.52 trillion.

The primary sector became the dominant sector by contributing Rp3.85 trillion. The mining sector is the main favorite for both foreign and domestic investors, followed by the food crops, plantations, livestock, and food industry sector. This trend shows that Central Kalimantan remains an attractive investment destination, despite several global challenges.

Realized investment experienced a significant increase namely 30.54 percent year-on-year (yoy). Sutoyo added that although there was a prediction of a slowdown in investment due to national political dynamics in 2024, this did not happen in Central Kalimantan. Investors are still optimistic about investing in this province.

In closing, Sutoyo appealed to employers to always be on time in submitting their Investment Activity Report (LKPM) every quarter through the oss.go.id page. If they experience obstacles in reporting, they can consult at the LKPM clinic available at the provincial, regency, and city DPMPTPs.