Indonesia Leans on Singapore for Maritime Sector Investment. The Indonesian government is angling for greater investment in the country’s maritime sector from Singapore, its biggest source of FDI, as President Joko Widodo prepares to visit the city-state next week.
“There’s a lot of [interest] in the maritime industry from Singapore, especially in Batam, Bintan and Karimun [islands],” Azhar Lubis, the deputy chairman of Indonesia’s Investment Coordinating Board (BKPM), said after a bilateral meeting in Jakarta on Thursday.
He noted that 60 percent to 70 percent of Singapore’s investment in Indonesia went to those islands, about an hour’s boat ride from Singapore, and that the Indonesian government wanted to see more investment in other regions of the country.
“We invited them to invest outside Java, in Makassar and Manado,” he said.
