"Singapore remains at the top of major investor countries, followed by Hong Kong, China, then the Netherlands, and South Korea. We can see right now, Asian countries' domination of our country's investment may begin to erode," Minister Lahadalia said.
According to the ministry's records, Singapore remained the top investor in Indonesia with an investment realization of US$4.7 billion during the January-June, 2021 period.
Hong Kong followed at the second spot with investment realization of US$2.3 billion, followed by China (US$1.7 billion), the Netherlands (US$1.3 billion), and South Korea (US$1.1 billion).
Based on the investment data for the second quarter of 2021, Singapore took the top spot with investment realization of US$2.1 billion, followed by Hong Kong (US$1.4 billion), the Netherlands (US$1.1 billion), Japan (US$700 million), and China (US$600 million).
"In the first quarter of 2021, the European countries in the top five position were Switzerland, then the Netherlands topped the third spot in the second quarter. This exhibited a positive impression that the international community, particularly European investors, remained confident to invest in Indonesia," Lahadalia said.
After the withdrawal of the United Kingdom from the European Union on January 31, 2021, the Netherlands is serving as the continent's new investment hub, he added.
The Ministry of Investment/Investment Coordinating Board pegged total investment realization at Rp442.8 trillion (around US$303.9 billion), as of the second quarter of 2021, he informed.
The investment comprised foreign investment realization of Rp228.5 trillion (around US$156.8 billion) and domestic investment of Rp214.3 trillion (around US$147.1 billion).
The total investment recorded until the second quarter of 2021 is just 49.2 percent of the investment target of Rp900 trillion (around US$617.8 billion) set by President Joko Widodo, Lahadalia said.