Jakarta, CNBC Indonesia – The Minister of Investment or Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed a number of pieces of evidence that investors entering Indonesia are not only from China.

Based on data on the realization of foreign investment or foreign investment (PMA) for the period January-September 2023, the largest investment came from Singapore worth US$ 12.1 billion. Only the second came from China, US$ 5.6 billion.

Below China is Hong Kong, where investment funds from that country came in at US$ 5.2 billion, then Japan at US$ 3.3 billion and the United States at US$ 2.44 billion. Below that is Malaysia US$ 2.41 billion and South Korea US$ 1.98 billion.

“This shows that our investment is no longer controlled by one country, which has been rumored as if our investment only comes from China,” said Bahlil during a press conference at his office, Jakarta, Friday (20/10/2023).

Nevertheless, Bahlil admitted that China is one of the countries that is most intensively pouring investment into Indonesia, along with South Korea. Because countries like the United States and Europe have been negotiating for too long.

“However, if we want to be honest, the aggressive ones are China and Korea. For Europe and America, this is good but the proposal takes too long. Negotiations require strong faith,” said Bahlil.

As of the third quarter itself, the Ministry of Investment or BKPM noted that the top five countries contributing the most to FDI were still Singapore at US$ 4.4 billion, China at US$ 1.8 billion, Hong Kong at US$ 1.7 billion, Japan at US$ 1.3 billion. , and Malaysia US$ 900 million.

[Gambas:Video CNBC]

(mij/mij)