s the year draws to a close, the Ministry of Investment and Downstream Industry/BKPM (Investment Coordinating Board) has reminded investors to promptly submit their Investment Activity Report (LKPM) for Q4 2024. These reports serve as a key basis for evaluating national investment performance and assessing the impact of various investment policies implemented throughout the year.
“We urge business players to fulfill their obligation to submit the LKPM on time. This data is not only crucial for our evaluation but also helps ensure that all projects proceed as planned, addressing any challenges encountered in the field,” said Edy Junaedi, deputy for investment implementation control at the Ministry of Investment and Downstream Industry/BKPM.
In the previous quarter, Indonesia’s investment realization showed a positive trend, marked by significant growth. The ministry reported that Q3 2024 investment realization reached Rp 431.48 trillion, a 15.24 percent increase compared to the same period last year. Total investment realization from January to September 2024 amounted to Rp 1,261.43 trillion, up 19.78 percent from the same period in 2023. This growth reflects strengthened investor confidence in Indonesia's investment climate, bolstered by various government initiatives, including tax incentives, support for national strategic projects and efforts to improve the overall investment environment.
“The investment performance in Q4 will determine whether we achieve the 2024 national investment target of Rp 1,650 trillion. As of September 2024, this year’s investment realization had reached Rp 1,261 trillion or 76.45 percent of the target. We remain optimistic about meeting this goal, thanks to the strong collaboration between the government and the business sector,” Edy added.
Submitting the Q4 LKPM (October-December 2024) is mandatory for medium and large businesses. Small enterprises are also required to report their LKPM for the July-December 2024 period (Semester II). Businesses can submit their reports online via https://oss.go.id/ from January 1 to 10, 2025. The reports should include updates on investment projects, workforce absorption and any challenges faced.
To facilitate reporting, the Ministry of Investment and Downstream Industry/BKPM will host virtual LKPM clinics via Zoom from Dec. 30, 2024, to Jan. 10, 2025, from 9 a.m. to 12:00 p.m. western Indonesia time. The clinic, accommodating up to 100 participants per session, offers technical guidance and answers questions about completing the LKPM. Business players can register through https://heylink.me/triwulaniv2024.
The ministry underscores the importance of the LKPM as a tool for monitoring and evaluation, as well as a platform for addressing obstacles encountered during project implementation. Businesses failing to comply with reporting obligations may face administrative sanctions, including the revocation of business licenses.
“We believe achieving the investment target requires strong collaboration. By submitting the LKPM, business players contribute to sustaining this positive momentum while helping the government create an increasingly competitive investment climate on a global scale,” Edy concluded.
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