Hong Kong Investment Largest in Q2 2026

Hong Kong emerged as the top source of foreign direct investment (FDI) in Indonesia during the second quarter of 2026, injecting US$5.5 billion. This significant inflow represents a notable shift, as it is the first time in ten years that China's investment, primarily routed through Hong Kong, has shown such aggressive growth, according to Minister of Investment and Downstreaming Rosan Perkasa Roeslani.

Following Hong Kong, Singapore ranked second with US$4.2 billion in investments, trailed by mainland China (US$1.7 billion), Japan (US$900 million), and Malaysia (US$700 million). This quarterly performance contrasts with the first half of 2026, where Singapore led with US$4.6 billion, followed by Hong Kong (US$2.7 billion) and China (US$2.2 billion). Despite the quarterly shift, Singapore has historically been Indonesia's largest investor over the past decade.

Minister Roeslani highlighted that total investment realization in the first half of 2026 reached Rp 1,010.6 trillion, a 7.2% increase compared to the same period last year. This figure represents 49.5% of the annual target. Crucially, these investments have generated substantial employment, absorbing 1,448,862 workers, an increase of approximately 15%. In the first half, FDI accounted for Rp 507.6 trillion, while domestic investment (PMDN) reached Rp 502.9 trillion. This marks a shift from the first half of 2025, when FDI was Rp 432.6 trillion and PMDN was Rp 510.3 trillion.