Investment Grew by 13.7%, but Job Absorption Fell by 11.91% in the Second Quarter of 2019
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The Investment Coordinating Board (BKPM) recorded a 13.7% year-on-year (yoy) growth in investment realization in the second quarter of 2019. However, this growth was not accompanied by an increase in labor absorption from the previous period. Recorded labor absorption in the second quarter of 2019 amounted to 255,314, down 11.91% compared to the second quarter of 2018, which absorbed 289,843 workers.
This was due to a 26.93% decrease in labor absorption from Foreign Direct Investment (FDI) in the second quarter of 2019, reaching 114,161 workers. In the second quarter of 2018, FDI projects absorbed 156,241 workers.
Conversely, labor absorption from Domestic Direct Investment (DDI) increased. The number of workers absorbed from DDI rose by 5.65%, from 133,602 workers in the second quarter of 2018 to 141,153 workers in the second quarter of 2019.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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