East Java topped the list of domestic investment destinations with Rp12 trillion.Jakarta (ANTARA News) - Investment in Indonesia rose 27 percent in the first nine months of this year to Rp229.9 trillion from Rp181 trillion in the same period last year, according to the Investment Coordinating Board (BKPM).
"The increase in investment during the first nine months of 2012 suggests that the investment climate in the country continues to improve, thus shoring up a degree of business certainty in the country," BKPM Chief M. Chatib Basri said on Monday.
He said the investment consisted of foreign investment worth Rp164.2 trillion and domestic investment worth Rp65.7 trillion.
"Overall, investment projects in the January-September 2012 period were evenly distributed among areas outside Java, with the domestic investment showing an ever encouraging role," he said.
He said Rp9.1 trillion of the domestic investment went to non-metal mineral industry, Rp8.6 trillion to mining industry, Rp7.7 trillion to food industry, Rp6.3 trillion to food crops and plantation business, and Rp5.8 trillion to basic metal, metal goods, mechinery and electronic industries.
East Java topped the list of domestic investment destinations with Rp12 trillion, followed by West Java Rp8.8 trillion, Jakarta 6.4 trillion, East Kalimantan Rp4.8 trillion and Central Java Rp4.7 trillion.
Meanwhile, West Java remained the most attractive destination for foreign investment with US$3.1 billion, followed by Jakarta US$3 billion, Banten US$1.8 billion, East Kalimantan US$1.6 billion and East Java US$1.4 billion.
Singapore was listed as the biggest foreign investor in the year to September 2012 with a total investment of US$3.5, followed by Japan US$1.8 billion, South Korea US$1.3 billion, Britain US$0.9 billion, and the United States US$0.7 billion.
"Singapore remains the biggest foreign investor as a number of multinational companies have their headquarters there," he said.
According to the BKPM, US$3.2 billion of the foreign investment was put in the mining sector, US$2.5 billion in base chemical, chemical goods and pharmaceutical industries, US$1.9 billion in the transportation, warehousing, and telecommunication sector, US$1.3 billion in transportation equipment industry and US$1.3 billion in base metal, metal goods, machinery and electronic industry.
(Uu.S012/O001)
Editor: Priyambodo RH
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