Wednesday, May 24, 2017 - 15:11:37

Indonesia: FDI growth slows down in Q1

VNA Print

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
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