Singapore remained the largest investor in Indonesia last year, with investments totaling US$9.8 billion, according to the Investment Coordinating Board (BKPM).
Next was China with an investment of US$4.8 billion, followed by Hong Kong with US$3.5 billion, Japan with US$2.6 billion, and South Korea with US$1.8 billion, BKPM chief Bahlil Lahadalia said during an online press conference on Monday.
In the fourth quarter of 2020, South Korea invested US$699.5 million, overtaking Japan, which pumped in US$453.7 million as the fourth largest investor in Indonesia. But overall, Japan was still ahead of South Korea in terms of foreign investors in Indonesia last year.
In the October-December, 2020 quarter, Singapore still ranked first with an investment of US$2.6 billion, followed by China (US$1.3 billion), Hong Kong (US$1 billion), South Korea (US$699.5 million), and Japan (US$453.7 million).