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.
Source: The Jakarta Post | 30 July 2019