Indonesia Received a Third of its Foreign Investment from Singapore in Q1 2018

Economics & Macro

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02/05/2018 07:39 WIB

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Singaporean foreign investment in the first quarter of 2018 reached US$2.65 billion, or nearly one-third of the total foreign investment in Indonesia of US$8.1 billion.

Top 10 Countries with the Largest Investments in Indonesia (Q1 2018)

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Top 10 Countries with the Largest Investments in Indonesia (Q1 2018)

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Singapore remains the dominant source of foreign investment in Indonesia. Data from the Indonesian Investment Coordinating Board (BKPM) shows that investment from Singapore in the first quarter of 2018 reached US$2.65 billion, nearly one-third of the total foreign investment in Indonesia, which amounted to US$8.1 billion or approximately Rp 108.9 trillion.

Japan was the second largest investor in Indonesia with US$1.36 billion, followed by South Korea with US$940 million. China ranked fourth with US$676.2 million.

Based on province, West Java remained the top destination for foreign investment in Indonesia. In the first three months of the year, foreign investment flowing into West Java reached US$2.26 billion, or 27.7% of total foreign investment in the country. DKI Jakarta and its surrounding areas ranked second with US$1.49 billion, followed by Banten with US$874 million in third place.

"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."