TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) noted Malaysia as Indonesia's top investor in the first half of this year. In previous year, Singapore had been Indonesia's biggest investor.
"This is quite a shock as this is the first time it has happened," BKPM chief Franky Sibarani said on Monday, July 27.
Malaysia's investment is dominated by the telecommunication sector, which accounted for 18.65 percent of their money planted in Indonesia.
Malaysia invested a total of US$2.6 billion in semester one, mostly by PT XL Axiata Tbk who is building a 4G network in Indonesia.
Other top investors in the first half are Singapura with US$2.3 billion (16.5 percent), Japan with US$1.6 billion (11.3 percent), South Korea with US$0.8 billion (5.7 percent), and the United States with US$0.6 billion (4.4 percent). Over the same period last year, FDI increased by 16.1 percent.
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