Fri, 20 Jan 2012

Jakarta (ANTARA News) - Singapore was the biggest source of foreign investment in Indonesia last year having sunk a total of US$5.1 billion in various projects, the Investment Coordinating Board (BKPM) said.

With US$5.1 billion worth of investments, Singapore topped the list of five biggest foreign investment source countries last year, BKPM Chief Gita Wirjawan said at the Jakarta International Expo at the Kemayoran fairground in Central Jakarta on Thursday.

In second place was Japan with US$1.5 billion, followed by the United States (US$1.5 billion), the Netherlands (US$1.4 billion) and South Korea (US$1.2 billion), he said.

But the value of Singaporean investment in Indonesia last year was lower and that of Japanese investment higher than a year before, he said.

Unlike in the previous year, the United Kingdom no longer belonged to the top five foreign investment sources for Indonesia last year, he said.

Gita who is also the trade minister said the transportation, warehousing and telecommunication sectors were among those attracting most foreign investment last year with the total amount of investments recorded at US$3.8 billion.

Other sectors favored by foreign investors were electricity, gas and water which combined attracted US$1.9 billion, the metal, machinery and electronic industry sectors (US$1.8 billion), and base chemical, chemical and pharmaceutical product industry sectors (US$1.5 billion), he said.

Overall, foreign and domestic investment in Indonesia last year reached Rp251.3 trillion, up 20.5 percent from Rp208.5 trillion in 2010.(*)