Singapore Highest in Investment in Indonesia

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VIVAnews - Albeit the signed agreement of free trade between Asean and China, the investment from China along Q1 2010 was in fact lower than other countries.

Singapore is listed as the country realizing investment in the first three months of 2010 worth US$675.8 million for 62 projects. In addition, Mauritius became the second country on the list with US$446.6 million worth of investment for two projects.

"We have issued the permission. But there is not yet large investment," said Chief of the Capital Market Coordinating Agency (BKPM) on May 2.

In addition to Singapore and Mauritius, other countries investing in quite considerable amount are the United States at US$436.7 million to finance 12 projects, the UK at US$214.9 million (19 projects), and Australia at US$186.4 million (14 projects).

Gita went on by saying that up until Q1 2010, the BKPM did not find any cancellation in investment by foreign investors.

VIVA/Singapore Highest in Investment in Indonesia