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More Chinese companies looking to manufacture in Indonesia: OCBC

Their investments account for 121.6 trillion rupiah in 2024, making China the third-largest foreign direct investor in the South-east Asian country

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Tan Nai Lun

Tan Nai Lun

Published Thu, Sep 4, 2025 · 10:00 AM
    • In Indonesia, OCBC's domestic business is still its largest income contributor, but the bank expects bigger contributions from its China business going forward.
    • In Indonesia, OCBC's domestic business is still its largest income contributor, but the bank expects bigger contributions from its China business going forward. PHOTO: BT FILE

    [JAKARTA] Chinese companies are increasingly looking to set up their manufacturing operations in Indonesia, instead of just exporting and distributing their products in the South-east Asian nation.

    While Indonesia has remained attractive for its stable domestic economy, local policy shifts and the need to diversify supply chains are driving Chinese investments into the country, said Martin Widjaja, wholesale banking director at OCBC Indonesia.

    Widjaja was speaking on the sidelines of the bank’s One Connect Forum held in Jakarta from Aug 26 to 27. The forum – currently in its third iteration – is where the bank brings its Chinese customers to Indonesia to meet potential partners and discuss expansion plans.

    OCBCIndonesiaChinaForeign investmentManufacturingAsia-Pacific

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