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.

Jakarta Post

Investment from China grows by 92.79 percent: Board

  • Anton Hermansyah

    The Jakarta Post

Jakarta   /   Thu, July 27, 2017   /   08:00 am
Investment from China grows by 92.79 percent: Board President Joko "Jokowi" Widodo arrives at the Hangzhou Exhibition Center to attend the G20 Summit on Sept. 4 in Hangzhou, China. (Bloomberg/.)

The Investment Coordinating Board (BKPM) has recorded that investment from China grew by 92.79 percent year-on-year (yoy) to US$1.96 billion in the first half of 2017.

Both the quantity and quality of Chinese investments has increased, said BKPM chairman Thomas Lembong on Wednesday, adding that in addition to their main investments in smelters and infrastructure, the Chinese investors had also started to invest in tourism.

He also stressed that investment from the country was not affected by anti-Chinese sentiment promulgated by certain groups of people.

"So far there has been no significant impact from the anti-Chinese sentiment. Along with investment in the smelter and infrastructure sectors, they are also entering labor intensive sectors like tourism," Thomas said during a press conference in Jakarta on Wednesday.

(Read also: Indonesia offers investment opportunities to China)

With an investment value of $1.96 billion in the first half, China was Indonesia's third biggest foreign direct investor, behind Singapore with $3.66 billion and Japan with $2.85 billion. If combined with investment from Hong Kong, China’s total investment reached $2.79 billion.

"The participation of the government in the Belt and Road Forum in Beijing last May was very useful to boost Chinese investment in the future," Lembong said.

Reports on social media have claimed there has been a large influx of Chinese laborers into the country. However, National Intelligence Agency (BIN) chief Ins. Gen. Budi Gunawan has stressed the reports are false. He said the rumors were spread by irresponsible people. (bbn)