Singapore Still Indonesia's Top Foreign Investor in Q3

    Eko Nordiansyah - 23 October 2020 18:03 WIB
    Singapore Still Indonesia's Top  Foreign Investor in Q3
    Illustration (Photo:Medcom.id)
    Jakarta: The Investment Coordinating Board (BKPM) Bahlil Lahadalia has said Singapore is still the top source of foreign direct invesment (FDI) in Indonesia.

    In the third quarter of 2020, FDI realization from Singapore to Indonesia reached US$2.5 billion. It was higher than other countries. Singapore was followed by China (US$ 1.1 billion); Japan (US$ 0.9 billion); Hong Kong (US$ 0.7 billion); Netherland (US$ 0.5 billion); South Korea (US$0.5 billion); and the United States (US$0.3 billion)

    "Hopefully Japan can boost its investment after its prime minister visited Indonesia few days ago," Bahlil said.

    "Although Europe's economy is contracting, many European investors are still interested to invest in Indonesia," Bahlil stated.

    During the third quarter of 2020, foreign direct investment (FDI) realization reached IDR 106.1 trillion or 50.8 percent from total investment realization which reached IDR 209.0 trillion.

    Amid the ongoing covid-19, FDI still managed to absorb 142,930 Indonesian workers last quarter. 

    (WAH)

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