REPUBLIKA.CO.ID, JAKARTA -- Singapore was the biggest largest investor in Indonesia in 2015, according to Capital Investment Coordinating Board (BKPM).

"Singapore is still number one, with its investments reaching US$5.9 billion, followed by Malaysia (US$3.1 billion), Japan (US$2.9 billion), the Netherlands (US$1.3 billion) and South Korea (US$1.2 billion)," BKPM's deputy for capital investment implementation control, Azhar Lubis, said here on Thursday.

Further, China is ranked ninth, while Hong Kong sixth, he said.

China has been in the spotlight because it is one of the countries expected to intensify investment in Indonesia.

"If we combine China and Hong Kong, the total is around US$1.5 billion. It is at fourth. This shows that China is starting to revive," he said.

BKPM's head Franky Sibarany said China's direct investment, as well investment with partners, rose 47 percent in 2015, while Hong Kong's investment jumped to 103 percent during the same period.

"This is the highest so far," he said.

Franky added that investment from Hong Kong and China have actually been larger through partnerships with investors that have companies in other countries, such as Singapore.

"So, much of their investment enters from Singapore. Therefore, it is not impossible that it is believed to come from Singapore, while actually it originates from China. We believe its contribution will increase," he said.

Investment in 2015 reached Rp545.4 trillion, rising by 17.8 percent from 2014.

The value of domestic investment was recorded at Rp178.5 trillion, up by 15 percent, while foreign investment rose 19.2 percent, reaching Rp365.9 trillion.

The achievement surpassed the target set for 2015 at Rp519.5 trillion.

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