Investment Realization in South Sulawesi Is Targeted to Be High, Industrial-Mining Sector Becomes the Main Focus
FAJAR.CO.ID, MAKASSAR — South Sulawesi Provincial Government is optimistic about achieving the national investment target worth IDR 14.55 trillion.
Head of the Investment Implementation Control Department of the Investment and Integrated One-Stop Services Agency (DPM-PTSP) of South Sulawesi, Try Mallombasi, stated that he is very optimistic about these figures. As of the third quarter, investment absorption in South Sulawesi has already reached IDR 12.418 trillion.
"Hopefully, we can achieve IDR 3 trillion in the fourth quarter to reach our target. There hasn't been any release from the central government for the fourth quarter yet; it's still within the reporting period for business actors' investments. We're collecting data until January 10 for the investment realization of the fourth quarter of 2023," said Try recently.
Those figures consist of Foreign Direct Investment (FDI) amounting to IDR 3.565 trillion, and Domestic Direct Investment (DDI) amounting to IDR 8.852 trillion.
The realization has reached 122 percent of the RPJMD target of IDR 10.17 trillion. Additionally, it has achieved 85 percent of the Ministry of Investment/BKPM target of IDR 14.55 trillion. This value has also increased compared to January-September 2022, which was IDR 9.991 trillion.
Based on sectors, investment realization for the period of January to September 2023 consists of metal, non-machinery, and equipment industry at IDR 2.457 trillion, mining at IDR 1.841 trillion, transportation, warehousing, and telecommunications at IDR 1.570 trillion, trade and repairs at IDR 1.321 trillion, and housing, industrial estates, and offices at IDR 1.271 trillion.
Meanwhile, for the third quarter or July - September 2023, investment realization reached IDR 5.417 trillion. Try conveyed that the Investment and Integrated One-Stop Services Agency (IIOSSA) is routinely assigned a target absorption of IDR 3 trillion per quarter.
This year, the industrial and mining sectors remain the main focus for development. However, he admitted that there was a low absorption in the first quarter. It was only in the second and third quarters that absorption would start to increase due to the massive commencement of regional spending.
"Returning to our target, it's always IDR 3 trillion per quarter. Usually, the first quarter is around IDR 2 trillion, covered in the following quarters. Typically, the second and third quarters are higher. The projection for 2024 is almost the same, with many businesses in 2023 also focusing on expansion," he explained.
In this development, he hopes that business actors will also be aware of reporting into the OSS system. He confirmed that many business actors have been reluctant to report after obtaining permits.
"We want business actors to be aware of their obligation to report their investment activities into the OSS," he emphasized.
He said that the supervision process is no longer the same as before. Previously, he could directly visit the business actors at their locations. Now, supervision is scheduled from the center and through the OSS system."The OSS system is continuously upgraded. Before, we used to go there and remind them verbally. But with the latest OSS updates, if a business actor fails to report for 2 consecutive quarters, their account will be frozen. If they can't access it, they will come to the office by themselves to reactivate it," he emphasized. (selfi/fajar)