Asian Countries Dominate Indonesia's Top Five Foreign Investment Sources in First Half
The Ministry of Investment/Investment Coordinating Board (BKPM) has reported that the top five countries for foreign direct investment (PMA) realisation in the first semester are dominated by Asian nations.
Investment Minister and BKPM Head Rosan Roeslani stated that the highest realisation was achieved by Singapore with US$8.8 billion in investment, followed by Hong Kong (China) at US$4.6 billion.
Third position was occupied by China with investment equivalent to US$3.6 billion, then Malaysia with US$1.7 billion, and finally Japan with US$1.6 billion.
"Cumulatively, Singapore has dominated for quite a long time. Moreover, we can see that relations between ASEAN countries are good, getting better and closer," said Rosan during a presentation on BKPM's performance on Tuesday, 29 July.
Rosan noted that leaders of neighbouring countries such as Singapore and Malaysia have recently exchanged visits. He highlighted that Malaysian Prime Minister Anwar Ibrahim visited Indonesia twice within three weeks.
President Prabowo Subianto's recent visit to Singapore also represented a form of cooperation between Southeast Asian nations.
"The response has therefore been very positive, particularly from ASEAN countries, because they have agreed that amid such regional tensions, they must continue to improve in terms of investment and trade," Rosan continued.
Rosan said he had just returned from a visit to Japan and received a positive reception. During the visit, he said, Japan expressed its willingness to invest in new and renewable energy (EBT) sectors, particularly geothermal energy, with an investment value of US$900 million.
"Other investments that had been delayed — they have also committed to increasing them," he said.
Investment Minister and BKPM Head Rosan Roeslani stated that the highest realisation was achieved by Singapore with US$8.8 billion in investment, followed by Hong Kong (China) at US$4.6 billion.
Third position was occupied by China with investment equivalent to US$3.6 billion, then Malaysia with US$1.7 billion, and finally Japan with US$1.6 billion.
"Cumulatively, Singapore has dominated for quite a long time. Moreover, we can see that relations between ASEAN countries are good, getting better and closer," said Rosan during a presentation on BKPM's performance on Tuesday, 29 July.
Rosan noted that leaders of neighbouring countries such as Singapore and Malaysia have recently exchanged visits. He highlighted that Malaysian Prime Minister Anwar Ibrahim visited Indonesia twice within three weeks.
President Prabowo Subianto's recent visit to Singapore also represented a form of cooperation between Southeast Asian nations.
"The response has therefore been very positive, particularly from ASEAN countries, because they have agreed that amid such regional tensions, they must continue to improve in terms of investment and trade," Rosan continued.
Rosan said he had just returned from a visit to Japan and received a positive reception. During the visit, he said, Japan expressed its willingness to invest in new and renewable energy (EBT) sectors, particularly geothermal energy, with an investment value of US$900 million.
"Other investments that had been delayed — they have also committed to increasing them," he said.