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Singapore remains Indonesia’s top foreign investor in first half

Jul 31. 2019
Workers inspect a production facility at Pfizer Indonesia’s factory in Pasar Rebo, East Jakarta. Foreign direct investment rose 4 percent year-on-year during the first half to Rp 212.8 trillion, according to the latest data issued by the Investment Coordinating Board on Tuesday. (JP/Wendra Ajistyatama)
Workers inspect a production facility at Pfizer Indonesia’s factory in Pasar Rebo, East Jakarta. Foreign direct investment rose 4 percent year-on-year during the first half to Rp 212.8 trillion, according to the latest data issued by the Investment Coordinating Board on Tuesday. (JP/Wendra Ajistyatama)
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By The Jakarta Post
Asia News Network

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. (hen)

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