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Indonesia logs US$32 bln Japan, South Korea investment pledges

Jakarta (ANTARA) – President Prabowo Subianto has received investment commitments worth about Rp570 trillion (US$32.3 billion) from Japan and South Korea, underscoring strong foreign interest in Southeast Asia’s largest economy, officials said.Investment and Downstreaming Minister Rosan Roeslani reported the figure during a meeting with Prabowo at the Merdeka Palace in Jakarta on Tuesday, according to Cabinet Secretary Teddy Indra Wijaya.“The president also received a report on the development of investment commitments from Japan and South Korea, totaling around Rp570 trillion,” Teddy said on Wednesday.During the meeting, Rosan also outlined investment realization throughout 2025, as well as projections and opportunities for 2026, which show positive trends across several strategic sectors.The government continues to push for faster investment realization to support economic growth, create jobs and increase added value through sustainable downstream industrial programs.Rosan, who also serves as CEO of sovereign fund Danantara, said realized investment in the first quarter of 2026 reached Rp498.79 trillion, exceeding the Rp497 trillion target.“That represents a 7.22 percent year-on-year increase, with job absorption reaching 706,569 workers, up 18.93 percent year-on-year,” Rosan told reporters after the meeting.He added that domestic and foreign investment contributed nearly equal shares to total inflows.Domestic investment accounted for about 49.89 percent, while foreign investment totaled Rp249.94 trillion. Of that, around 50.37 percent was located outside Java and 49.63 percent in Java, equivalent to Rp247.53 trillion.Rosan said the top five sources of foreign investment were Singapore at around $4.6 billion, Hong Kong at US$2.7 billion, China at US$2.2 billion, the United States at US$1.7 billion, and Japan at US$1 billion.He also highlighted sectors attracting the largest inflows, including basic metals, other services, mining, housing, industrial estates, transportation, warehousing and telecommunications.