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Singapore remains the largest investor in Indonesia, despite a decline in 2018. According to data from the Indonesian Investment Coordinating Board (BKPM), Foreign Direct Investment (FDI) from Singapore to Indonesia last year reached US$9.19 billion, or the equivalent of Rp 128 trillion, an increase of 8.88% from the previous year. This investment from Singapore accounted for almost one-third of the total FDI into Indonesia, which amounted to US$29.3 billion throughout 2018.
Meanwhile, the second largest investor in Indonesia was Japan with US$4.95 billion, and the third was China with FDI reaching US$2.38 billion. The top ten countries of origin for foreign investment in Indonesia totaled US$25.71 billion, or 87.74% of the total FDI last year.
FDI from Singapore was distributed across 4,946 projects, while Singapore alone contributed 3,166 projects and China 1,562 projects. In total, foreign investment in Indonesia was spread across 21,972 projects, absorbing more than 490,000 workers.
"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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