FDI into Indonesia rises 19% at $26b in 2015; Singapore tops inflows

Indonesia has recorded a 19.2 per cent growth in foreign direct investment in 2015 at Rp 365.9 trillion ($26.32 billion) while domestic investment too rose by 15 per cent to touch Rp 179.5 trillion.

Five major countries accounting for majority of FDI were Singapore, Hong Kong, the Netherlands, Japan and China.

According to statistics released by the Investment Coordinating Board (BKPM), total investment realization in 2015 reached Rp545.4 trillion ($39.24 billion), up 17.8 per cent compared to last year Rp463.1 trillion and it was also higher than last year’s target of Rp519.5 trillion.

According to BKPM chairman Franky Sibarani, majority of the big investments came in the power and steel manufacturing sector.

Sibarani said, BKPM is expecting investment realization in 2016 to touch Rp594.8 trillion ($42.79 billion), up 9.05 per cent from 2015.

“Based on the realization investment in 2015 we are optimistic to achieve the targets set for 2016,” he said, at a press conference on Thursday, adding, in 2016, Indonesia is targeting FDI worth Rp386.4 trillion and domestic investments of Rp308.4 trillion.

Manufacturing sector continued to attract the majority portion of investment with 53 per cent inflows.

Some of the major projects that will kick off in 2016 are rubber company PT Synthetic Rubber Indonesia plant in Cilegon–the joint venture company of Compagnie Financiere Du Groupe Michelin and local rubber producer PT Chandra Asri Petrochemical Tbk (CAPC)–with total investment $90 million, a smelter plant for nickel in North Maluku worth over Rp 1 trillion investment and expansion of coal-gas fired in Cilegon, West Java for $350 million.

Also Read: Indonesia sees 17% growth in FDI; Singapore tops inflows

Indonesia considers opening up hospitality sector to 100% foreign investment

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.