JAKARTA (TheInsiderStories)—The Investment Coordinating Board of Indonesia reported that the country recorded realization investment Rp185.3 trillion (US$13.42 billion) in the first quarter of 2018, an 11.8 per cent rise compared to last year quarter of Rp165.8 trillion.
The realization of foreign direct investment (FDI) in Indonesia reached Rp108.9 trillion, up 12.4 percent (YoY) from Rp97.0 trillion in the same period of 2017. The Government expects FDI to realize Rp799 trillion in this year.
While, Domestic Direct Investment (DDI) increased by 11.0 per cent from Rp68.8 trillion to Rp76.4 trillion in the same period last year. The chairman Thomas Trikasih Lembong said on Monday (30/04) the investment realization managed to absorb 201.239 employment.
Singapore still the biggest investor in Indonesia with an investment of $2.6 billion and contributed to 32.6 per cent of total investment realization. It followed by the countries in East Asia namely Japan ($1.4 billion or 16.7 per cent), South Korea ($0.9 billion or 11.6 per cent), China ($700 million or 8.3 per cent), and Hong Kong ($500 million or 6.3 per cent).
The board recorded the top five locations of investment realization namely West Java (Rp37 trillion or 19.9 per cent), DKI Jakarta (Rp28.9 trillion or 15.6 per cent), Central Java (Rp16.1 trillion or 8.7 per cent), Banten (Rp15.5 trillion or 8.4 per cent), and Riau (Rp9.1 trillion or 4.9 per cent).
Furthermore, the top five sectors in which foreigners invested were housing, industrial estates, and offices (Rp27.6 trillion or 14.9 per cent); metal, machinery, and electronic industry (Rp22.7 trillion or 12.3 per cent); electricity, gas, and water (Rp19.3 trillion or 10.4 per cent), crop and plantation (Rp17.9 trillion or 9.6 per cent); transportation, warehouses, and telecommunication (Rp14.7 trillion or 7.9 per cent).