Amidst Recession Fears, Singapore's Investment Value in Indonesia

Economics & Macro

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Dwi Hadya Jayani 17/07/2020 12:27 WIB

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Singapore is one of the largest sources of foreign investment in Indonesia.

Singaporean Foreign Direct Investment (2015-2020)

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Amidst Recession Fears, Singapore's Investment Value in Indonesia

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Singaporean Foreign Direct Investment (2015-2020)

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Singapore has entered a recession after experiencing negative economic growth for two consecutive quarters. In the second quarter of 2020, the Lion City's economic growth was recorded at -12.6% (year on year/yoy) and -41.2% (quarter on quarter/qoq).

Previously, in the first quarter of 2020, the neighboring country experienced negative growth of -0.3% (yoy) and -3.3% (qoq).

Singapore is one of the countries actively investing in Indonesia. In the second quarter of 2020, foreign investment (PMA) from Singapore was the highest, reaching US$2.7 billion. This figure increased from the previous period's US$1.7 billion.

Furthermore, projects originating from Singapore were also the highest in number, reaching 3,006 projects, up from 2,537 projects in the first quarter of 2020.

Editor : Aria W. Yudhistira

"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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Amidst Recession Fears, Singapore's Investment Value in Indonesia

Amidst Recession Fears, Singapore's Investment Value in Indonesia

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