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.

Jakarta Post

Singapore remains Indonesia’s top foreign investor in first half

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, July 30, 2019   /   06:36 pm
 Singapore remains Indonesia’s top foreign investor in first half Workers inspect a production facility at Pfizer Indonesia’s factory in Pasar Rebo, East Jakarta. Foreign direct investment rose 4 percent year-on-year during the first half to Rp 212.8 trillion, according to the latest data issued by the Investment Coordinating Board on Tuesday. (JP/Wendra Ajistyatama)

Singapore remained the largest foreign investor in Indonesia during the first half, with investments of US$3.4 billion comprising 5,348 projects, according to the latest investment data issued by the Investment Coordinating Board (BKPM) on Tuesday.

During the same period, Japan was the second-largest with investment of $2.4 billion comprising 3,708 projects, followed by China as the third largest with investment of $2.3 billion comprising 1,518 projects.

Japan replaced China as the second-largest foreign investor in the first half thanks to a higher increase in investment during the period.

Meanwhile, Hong Kong was in fourth place with investment of $1.3 billion comprising 1,068 projects, followed by Malaysia in fifth place with investment of $1 billion comprising 1,432 projects.

The realization of investment stood at Rp 395.6 trillion (US$28.2 billion) during the first half, up 9.4 percent in the same period last year. FDI rose 4 percent year-on-year (yoy) to Rp 212.8 trillion during the first half, whereas domestic investment showed higher growth at 16.4 percent yoy to Rp 182.8 trillion. (hen)