TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Singapore tops RI foreign investment list
The Investment Coordinating Board (BKPM) has confirmed that Singapore topped the foreign investor list in Indonesia during the first half of 2014
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
T
he Investment Coordinating Board (BKPM) has confirmed that Singapore topped the foreign investor list in Indonesia during the first half of 2014.
The amount of foreign capital inflows from Singapore reached US$2.1 billion, according to BKPM data that was issued in Jakarta on Thursday.
Malaysia was in second place with a total investment of $600 million. The same $600 million in investment also came from Japan and the UK. The US ranked fifth with a total of $400 million during the January-June period.
"Singapore remains the largest foreign investment contributor to the country. This is because Singapore is a [regional] base for almost every business across the globe," BKPM head Mahendra Siregar said in Jakarta on Thursday as quoted by kompas.com.
Foreign investment realization, totaling $1.7 billion, was still centered in the capital city during the first half of the year, he added.
West Java and East Kalimantan followed in second and third place with investments of $1.5 billion and $700 million, respectively.
Most of the investment flowed into the transportation, logistics and telecommunication sectors. (nfo)
