Singaporean investors poured 4.9 billion USD into Indonesia during thefirst three quarters this year, and are likely to surpass those fromJapan to top the list of foreign investors in Indonesia in 2014.
According to Indonesia’s national statistics agency BSP, at the endof the third quarter, Singapore accounted for 22.5 percent of totalforeign direct investment, leading all other countries and territoriesinvesting in Indonesia.
The number could hit 5 billion USD bythe end of this year, Antara news agency said, quoting Andri Hadi,Singaporean Ambassador to Indonesia.
The results areattributable to a series of events that have enhanced all-roundbilateral relations between the two Southeast Asian countries.
Notably, the 4th Singapore-Indonesia economic ministers’ meeting inFebruary laid important foundation for further Singapore – Indonesiacooperation, particularly in terms of investments, air connection,tourism, human resources and agri-business in the Indonesian exclusiveeconomic zones such as the islands of Batam, Bintan and Karimun.
In 2013, Singapore is the second largest overseas investor inIndonesia with 4.67 billion USD, after Japan (4.71 billion USD).-VNA
According to Indonesia’s national statistics agency BSP, at the endof the third quarter, Singapore accounted for 22.5 percent of totalforeign direct investment, leading all other countries and territoriesinvesting in Indonesia.
The number could hit 5 billion USD bythe end of this year, Antara news agency said, quoting Andri Hadi,Singaporean Ambassador to Indonesia.
The results areattributable to a series of events that have enhanced all-roundbilateral relations between the two Southeast Asian countries.
Notably, the 4th Singapore-Indonesia economic ministers’ meeting inFebruary laid important foundation for further Singapore – Indonesiacooperation, particularly in terms of investments, air connection,tourism, human resources and agri-business in the Indonesian exclusiveeconomic zones such as the islands of Batam, Bintan and Karimun.
In 2013, Singapore is the second largest overseas investor inIndonesia with 4.67 billion USD, after Japan (4.71 billion USD).-VNA
