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Hong Kong Surpasses China as Indonesia's Largest Foreign Investor

Cindy Mutia Annur 02/05/2023 16:38 WIB

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The Indonesian Investment Coordinating Board (BKPM) reports that Singapore remains the largest investor in Indonesia in Q1 2023. Meanwhile, Hong Kong has overtaken China to become the second largest

Top 5 Countries with the Largest Foreign Investment Realization in Indonesia (Q1 2023)

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Hong Kong Surpasses China as Indonesia's Largest Foreign Investor

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Top 5 Countries with the Largest Foreign Investment Realization in Indonesia (Q1 2023)

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A report from the Indonesian Investment Ministry/Investment Coordinating Board (BKPM) shows that Indonesia's realized investment through Foreign Direct Investment (FDI) in Q1 2023 reached Rp177.0 trillion. This figure accounts for 53.8% of Indonesia's total realized investment during the period.

Realized FDI in Q1 2023 increased by 20.2% year-on-year (yoy) and 1.1% quarter-on-quarter (qoq).

Investment Minister/BKPM Head Bahlil Lahadalia stated that Singapore remained the largest investor in Indonesia in Q1 2023, with US$4.3 billion in investment. Singapore has held the top position since Q1 2022.

Hong Kong ranked second with US$1.5 billion in investment, surpassing China, which now ranks third with US$1.2 billion in investment.

"So Hong Kong has overtaken China. Perhaps Hong Kong serves as a hub for several European countries. As for Singapore, you all know that some of the money comes from Indonesians, and I will never tire of saying that; so their investment isn't entirely independent," said Bahlil in a press conference on Friday, April 28, 2023.

Following China, Japan had realized investments of US$1 billion in Q1 2023. The United States ranked fifth with US$800 million in investment.

Indonesia's realized investment reached Rp328.9 trillion in Q1 2023. This achievement grew by 16.5% yoy and 4.5% qoq.

Meanwhile, Domestic Direct Investment (DDI) in the first quarter of this year amounted to Rp151.9 trillion. This realization grew by 12.4% yoy and 8.8% qoq.

Editor : Erlina Fury Santika

"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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Hong Kong Surpasses China as Indonesia's Largest Foreign Investor

Hong Kong Surpasses China as Indonesia's Largest Foreign Investor

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Hong Kong Surpasses China as Indonesia's Largest Foreign Investor

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