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JAKARTA, Jan. 31 (APD) – Indonesia has failed to meet its investment target last year set at US$ 54 billion as total domestic and foreign investments were only accounted at 94.3 percent from the target.
Chairman of Indonesia Investment Coordinating Bureau (BKPM) Thomas Lembong said the total investment throughout last year stood at US$ 50 billion.
He, however, said that the figure was 4.1 percent higher than in 2017.
In term of foreign investments Lembong said it slowed down 8.8 percent to 27.7 billion last year from US$ 30.4 billion registered a year earlier.
Chairman of Indonesia Investment Coordinating Bureau (BKPM) Thomas Lembong
“Singapore still led the big 5 investors in 2018 with total investment of US$ 9.2 billion, accounted for 39.4 percent from overall foreign investments figure,” Lembong said here on Wednesday.
It was followed by Japan at number 2 with total investments of US$ 4.9 billion.
The number 3 was China with investments of US 2.4 billion, or lower than US 3.3 billion it registered in 2017.
China’s Hong Kong and Malaysia were ranked 4 and 5 with investments of US 2 billion and US 1.9 billion respectively.
Lembong added that government has set higher domestic and foreign investments at US$ 56 billion for this year.
(ASIA PACIFIC DAILY)
