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