Indonesia: FDI growth slows down in Q1
FDI in Indonesia rose only 0.9 percent on an annual basis in the first quarter this year, slowing from the 2.1 percent increase in the previous quarter amid global economic uncertainties.
Illustrative photo (Source: jamaicaobserver.com)Jakarta (VNA) - Foreign direct investment (FDI) in Indonesia rose only 0.9 percent on an annual basis in the first quarter this year, slowing from the 2.1 percent increase in the previous quarter amid global economic uncertainties, Jakarta Post cited official statistics from the country’s Investment Coordinating Board (BKPM).
Indonesia received 97 trillion Rp (7.3 billion USD) worth of FDI in the January-March period, excluding investment in the banking and oil and gas sectors.
Meanwhile, domestic direct investment (DDI) grew 36.5 percent in the same period to 68.8 trillion Rp, compared to 25.8 percent growth in the previous quarter.
Singapore was the biggest investor during the period, with 2 billion USD in 1,314 projects, followed by Japan with 1.4 billion USD, China with 599.6 million USD and the United States with 587.4 million USD.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
