Singapore Tops List of Five Largest Investors in Indonesia During First Quarter of 2025
Minister of Investment and Downstream Industries and Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani outlined the five principal investor countries in Indonesia during the first quarter of 2025. Singapore retained the top position with investment totalling US$4.6 billion, or approximately Rp 76 trillion (assuming an exchange rate of Rp 16,666 per US dollar).
"Over the past 10 to 11 years, Singapore has always been number one in terms of investment in Indonesia. We do separate Singapore, Hong Kong and China," said Rosan during a virtual press conference on first-quarter 2025 investment realisation, on Tuesday, 29 April 2025.
In second place was Hong Kong, which realised investments worth approximately US$2.2 billion, or the equivalent of Rp 36 trillion, during the same period. China ranked third with investment valued at US$1.8 billion, or roughly Rp 29 trillion.
Whilst advanced economies such as the United States and South Korea typically feature among the top five investors in Indonesia, Malaysia managed to displace them, securing fourth position throughout the first quarter of 2025.
"Malaysia's entry is partly due to a joint venture between Indonesian and Malaysian companies. This is what has caused Malaysia to leap to become the fourth-largest investor country in Indonesia," Rosan said.
Meanwhile, Japan occupied fifth place with realised investment of US$1 billion, or approximately Rp 16 trillion. Nevertheless, according to Rosan, investment from Japan remains active. This was evidenced by the recent visit of Japanese Prime Minister Shigeru Ishiba, who announced plans for investment in renewable energy.
"When the Japanese Prime Minister visited Indonesia, the announced value alone was nearly US$900 million in renewable energy. We hope this will soon be realised — I have received the report and implementation should proceed shortly," said Rosan, who also serves concurrently as Chief Executive Officer of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara).
Rosan also identified five additional countries completing the top ten investors in Indonesia: the United States in sixth place, followed by South Korea, the Netherlands, the United Kingdom and Australia. However, he did not disclose the specific investment figures for each of these countries.
"In reality, we have records down to every country in detail. Even investments valued below US$1 million are recorded in our system," Rosan said.
"Over the past 10 to 11 years, Singapore has always been number one in terms of investment in Indonesia. We do separate Singapore, Hong Kong and China," said Rosan during a virtual press conference on first-quarter 2025 investment realisation, on Tuesday, 29 April 2025.
In second place was Hong Kong, which realised investments worth approximately US$2.2 billion, or the equivalent of Rp 36 trillion, during the same period. China ranked third with investment valued at US$1.8 billion, or roughly Rp 29 trillion.
Whilst advanced economies such as the United States and South Korea typically feature among the top five investors in Indonesia, Malaysia managed to displace them, securing fourth position throughout the first quarter of 2025.
"Malaysia's entry is partly due to a joint venture between Indonesian and Malaysian companies. This is what has caused Malaysia to leap to become the fourth-largest investor country in Indonesia," Rosan said.
Meanwhile, Japan occupied fifth place with realised investment of US$1 billion, or approximately Rp 16 trillion. Nevertheless, according to Rosan, investment from Japan remains active. This was evidenced by the recent visit of Japanese Prime Minister Shigeru Ishiba, who announced plans for investment in renewable energy.
"When the Japanese Prime Minister visited Indonesia, the announced value alone was nearly US$900 million in renewable energy. We hope this will soon be realised — I have received the report and implementation should proceed shortly," said Rosan, who also serves concurrently as Chief Executive Officer of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara).
Rosan also identified five additional countries completing the top ten investors in Indonesia: the United States in sixth place, followed by South Korea, the Netherlands, the United Kingdom and Australia. However, he did not disclose the specific investment figures for each of these countries.
"In reality, we have records down to every country in detail. Even investments valued below US$1 million are recorded in our system," Rosan said.