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Singapore Tops RI Foreign Investment List

The Investment Coordinating Board (BKPM) has confirmed that Singapore topped the foreign investor list in Indonesia during the first half of 2014.

The amount of foreign capital inflows from Singapore reached US$2.1 billion, according to BKPM data that was issued in Jakarta on Thursday.

Malaysia was in second place with a total investment of $600 million. The same $600 million in investment also came from Japan and the UK. The US ranked fifth with a total of $400 million during the January-June period.

“Singapore remains the largest foreign investment contributor to the country. This is because Singapore is a [regional] base for almost every business across the globe,” BKPM head Mahendra Siregar said in Jakarta on Thursday as quoted by kompas.com.

Foreign investment realization, totaling $1.7 billion, was still centered in the capital city during the first half of the year, he added.

West Java and East Kalimantan followed in second and third place with investments of $1.5 billion and $700 million, respectively.

Most of the investment flowed into the transportation, logistics and telecommunication sectors.

Source : www.thejakartapost.com, Thursday, July 24 2014