Singapore Remains Indonesia's Top Investor as Q1 2025 Investment Reaches Rp 465.2 Trillion
Jakarta - China is often associated with investment in Indonesia. However, China is not the country with the most investment in the country. The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) reported the five countries with the largest investments during the first quarter of 2025.
First place is still held by Singapore, with total investment of US$4.6 billion or approximately Rp 77.2 trillion (at an exchange rate of Rp 16,800). Minister of Investment and Downstreaming/Head of BKPM Rosan Perkasa Roeslani said Singapore still occupies the top position, having held this spot for approximately 10 years.
"Singapore has indeed been number one for the past 10-11 years. We separate Singapore, Hong Kong, and China," said Rosan at the Q1 2025 Investment Realisation Achievement Press Conference at the Ministry of Investment offices in Jakarta on Tuesday (29/4/2025).
In second place was Hong Kong with investment of US$2.2 billion. Third was China with US$1.8 billion. Fourth was Malaysia with US$1 billion, followed by Japan in fifth place with US$1 billion.
"Malaysia's entry is because one of the contributing factors has been joint ventures between Indonesian and Malaysian companies, which then expanded into Indonesia. This is what has pushed Malaysia to fourth place," he explained.
Besides Malaysia, Rosan also highlighted Japan's active role. Japan has now secured fifth position, having previously been in sixth place in 2024 behind the United States.
"Japan remains very active with ongoing investment, especially having just announced during the Prime Minister's visit to Indonesia nearly US$900 million in investment in renewable energy. I have received reports and the investment realisation is expected to proceed shortly," he said.
Throughout the first quarter of 2025, the Ministry of Investment and Downstreaming/BKPM recorded total investment realisation of Rp 465.2 trillion. Of this amount, Foreign Direct Investment (FDI) accounted for Rp 230.4 trillion or 49.5 per cent, while Domestic Direct Investment (DDI) was more dominant at 50.5 per cent, valued at Rp 234.8 trillion.
Rosan said this does not indicate that foreign investment has declined. Rather, domestic investment increased far more sharply at the start of 2025 compared to foreign investment.
"Domestic investment grew 19.1 per cent from the previous year, while foreign investment also continued to increase, rising 12.7 per cent. Both continue to grow well," Rosan explained.
First place is still held by Singapore, with total investment of US$4.6 billion or approximately Rp 77.2 trillion (at an exchange rate of Rp 16,800). Minister of Investment and Downstreaming/Head of BKPM Rosan Perkasa Roeslani said Singapore still occupies the top position, having held this spot for approximately 10 years.
"Singapore has indeed been number one for the past 10-11 years. We separate Singapore, Hong Kong, and China," said Rosan at the Q1 2025 Investment Realisation Achievement Press Conference at the Ministry of Investment offices in Jakarta on Tuesday (29/4/2025).
In second place was Hong Kong with investment of US$2.2 billion. Third was China with US$1.8 billion. Fourth was Malaysia with US$1 billion, followed by Japan in fifth place with US$1 billion.
"Malaysia's entry is because one of the contributing factors has been joint ventures between Indonesian and Malaysian companies, which then expanded into Indonesia. This is what has pushed Malaysia to fourth place," he explained.
Besides Malaysia, Rosan also highlighted Japan's active role. Japan has now secured fifth position, having previously been in sixth place in 2024 behind the United States.
"Japan remains very active with ongoing investment, especially having just announced during the Prime Minister's visit to Indonesia nearly US$900 million in investment in renewable energy. I have received reports and the investment realisation is expected to proceed shortly," he said.
Throughout the first quarter of 2025, the Ministry of Investment and Downstreaming/BKPM recorded total investment realisation of Rp 465.2 trillion. Of this amount, Foreign Direct Investment (FDI) accounted for Rp 230.4 trillion or 49.5 per cent, while Domestic Direct Investment (DDI) was more dominant at 50.5 per cent, valued at Rp 234.8 trillion.
Rosan said this does not indicate that foreign investment has declined. Rather, domestic investment increased far more sharply at the start of 2025 compared to foreign investment.
"Domestic investment grew 19.1 per cent from the previous year, while foreign investment also continued to increase, rising 12.7 per cent. Both continue to grow well," Rosan explained.