Singapore Remains the Top Investment Source in Indonesia
Realized investment in Indonesia reached IDR 1,010.6 trillion during the first half of 2026. Amid this growth, Singapore once again maintained its position as the country with the largest investment value entering Indonesia, continuing its dominance over the past decade.
Minister of Investment and Downstream Investment/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, revealed that investment from Singapore reached US$8.8 billion, or approximately IDR 158.2 trillion, from January to June 2026. This achievement places Singapore at the top of the list as the largest foreign investor in Indonesia.
“Indeed, Singapore has maintained its role as the largest investor in Indonesia over the past 10 years,” Rosan stated in a press conference at the Presidential Office in Jakarta on Thursday (July 16, 2026).
Below Singapore, Hong Kong ranks second with realized investment of US$7.8 billion, followed by China with US$3.9 billion. Japan ranked fourth with an investment value of US$1.9 billion, while the United States ranked fifth with an investment value of US$1.7 billion.
However, Rosan revealed a shift in investor composition between April and June 2026. During the second quarter, Hong Kong succeeded in overtaking Singapore as the largest contributor of investment.
“In the second quarter, there was a slight shift. Our largest investor was actually Hong Kong with a value of around US$5 billion, followed by Singapore, China, Japan, and Malaysia,” Rosan explained.
However, Rosan emphasized that Singapore’s position as the largest investor in Indonesia remains unchanged for the first half of the year.
“But overall, Singapore still holds the lead in the first half,” he added.
In addition to recording the dominance of foreign investment, the government also reported a 7.2 percent year-on-year growth in national investment realization. Total investment inflows by the end of June 2026 reached Rp1,010.6 trillion, reflecting continued investor interest in Indonesia’s business climate.
Of this total, Foreign Direct Investment (PMA) contributed Rp 507.6 trillion, or approximately 50.2 percent, while Domestic Direct Investment (PMDN) reached Rp 502.9 trillion, or 49.8 percent. This composition indicates that the contributions of domestic and foreign investment remain relatively balanced in supporting national economic growth.
