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China’s investment reaches US$1.6 billion in Indonesia
The Investment Coordinating Board (BKPM) recorded investment of US$1.6 billion from China up until the third quarter of last year, making the country the third-biggest investor in Indonesia after Singapore and Japan.
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President Joko "Jokowi" Widodo (center) gestures as he inspects the model of a high-speed train that will connect the capital city of Jakarta to the country's fourth-largest city, Bandung, along with, West Java Governor Ahmad Heryawan (from left to right), Indonesia China High Speed Train director Hanggoro Budi Wiryawan, State-Owned Enterprises Rini Soemarno, China Railway Corp president Sheng Guangzu and Chinese state councilor Wang Yong, during the groundbreaking ceremony for the construction of its railway in Cikalong Wetan, West Java, on Jan. 21, 2016. (AP Photo/Dita Alangkara)
The Investment Coordinating Board (BKPM) recorded investment of US$1.6 billion from China up until the third quarter of last year, making the country the third-biggest investor in Indonesia after Singapore and Japan.
“It took only nine months for China to reach third position,” said BKPM third region director Wisnu Wijaya Sudibyo as reported by tempo.co on Friday.
The use of Chinese technology in Indonesia contributed to the large amount of Chinese investment in Indonesia, said Wisnu, adding that countries such as Singapore and Japan also used Chinese technology in their products.
(Read also: Jakarta-Bandung high speed railway to get Chinese loan)
Amid rumors of the high inflow of Chinese workers to Indonesia, Wisnu said his institution was not authorized to prevent the arrivals of foreign workers.
“We have no authority to monitor whether a company has a foreign workers employment permit [IMTA],” he added.
The Manpower Ministry recorded 21,121 Chinese workers in Indonesia in 2016. The ministry, in cooperation with the immigration office, found 1,324 cases of illegal employment due to the absence of an IMTA. (bbn)
