Indonesia: FDI grows by 14.6 percent in nine months

The foreign direct investment (FDI) in Indonesia hit 228.3 trillion rupiah (18. 6 billion USD) in the first nine months of this year, a year-on-year rise of 14.6 percent.

Sunday, October 19, 2014 17:57

The foreign direct investment (FDI) in Indonesia hit 228.3 trillionrupiah (18. 6 billion USD) in the first nine months of this year, ayear-on-year rise of 14.6 percent.

According to Chairman ofInvestment Coordinating Board (BKPM) Mahendra Siregar, domesticinvestment during the period grew by 21.6 percent to 114.4 trillionrupiah (9.36 billion USD), raising the country’s total investment to342.7 trillion rupiah (28 billion USD), up 16.8 percent.

That exceeds this year's investment target of a 15-percent growth, hesaid, adding that the board forecast the investment to scale up by 18percent next year.

He said that the country's efforts toimprove the quality of bureaucracy, which has been one of the bottlenecks in attracting international investors, have been on progressrecently.

The FDI attraction of the biggest economy in theregion has improved after Fitch Ratings and Moody's Investors Servicehiked its sovereign credit rating to investment grade in late 2011 andearly 2012, respectively.

The country's competitiveness rank hasjumped to 34 from 58, partly due to improvements on bureaucracy withsimpler investment licence application, according to the World EconomicForum (WEF).

Indonesia , with a population of over 238million and abundant natural resources, boasts a strong consumer demandand steady economic growth.

Its economy is expected to expand by 5.6 percent next year, higher than this year's projection of 5.2 to 5.3 percent.-VNA

See more

A United Airlines aircraft at Los Angeles International Airport, California, the US. (Photo: AFP/VNA)

United Airlines expands flight network to Southeast Asian nations

04/04/2025 03:40

Airplanes from Los Angeles and San Francisco that are headed for Hong Kong (China) will then go on to the two new destinations – Thailand’s Bangkok and Vietnam’s Ho Chi Minh City.

US President Donald Trump announces new reciprocal tariffs at the White House on April 2. (Photo: Reuters/VNA)

US tariffs putting pressure on both US and ASEAN

04/04/2025 02:53

The most immediate impact of Trump’s tariffs will be inflation, both in the US and worldwide. As import costs rise, businesses will pass these costs onto consumers, driving up prices, said Professor Phar Kim Beng of ASEAN Studies at the International Islamic University of Malaysia (IIUM).

Poj Aramwattananont, chairman of Thai Chamber of Commerce (Photo: The Nation)

Thai Chamber of Commerce unveils new strategy to foster growth

03/04/2025 23:53

A four-pronged approach has been designed to build business confidence, expand trade opportunities, and enhance Thailand's competitiveness on the international stage.

Singapore cracks down on major government impersonation scam ring

03/04/2025 23:08

The police said 27 men and seven women, aged between 17 and 46, were nabbed during raids from March 17-28, targeting suspects who gave their bank accounts to scammers for use in money laundering.

Two foreign tourists buy curry puffs at the popular Khun Phu shop in the Talat Noi community in Bangkok on Monday. (Photo: bangkokpost.com)

Thailand revises tourism strategy after earthquake

03/04/2025 06:06

Minister of Tourism and Sports Sorawong Thienthong said that a tourism risk and crisis management team will be established to support the industry, with representatives from organisations in the tourism supply chain, such as the Ministry of Home Affairs and the Roads Authority.

March 28 earthquake to cause serious economic losses to Thailand: Experts

03/04/2025 04:15

Yunyong Thaicharoen, chief economist at the SCB Economic Intelligence Centre (EIC), a research unit of Siam Commercial Bank, was quoted by the Thai media as saying that the disaster is forecast to result in an economic loss of around 30 billion THB over the next 3-4 months.

Cambodia launches campaign against fake news

03/04/2025 01:08

The one-year campaign starts in Phnom Penh capital and will expand to the 24 provinces until March 2026.

General Khamtay Siphandone, former President of the Lao People’s Revolutionary Party (LPRP) Central Committee, former President of Laos and senior revolutionary of the LPRP. (Source: VNA)

Former Lao President Khamtay Siphanone passes away

02/04/2025 23:35

General Khamtay Siphandone, former President of the Lao People’s Revolutionary Party (LPRP) Central Committee, former President of Laos and senior revolutionary of the LPRP, passed away at 10:30am on April 2 at the age of 102.

Myanmar’s military government allocates 240 million USD for relief efforts

02/04/2025 21:08

Myanmar’s military government leader, General Min Aung Hlaing, announced that the government will allocate 500 billion MMK (nearly 240 million USD) for earthquake relief and recovery efforts.

Tourists are pictured at the Suvarnabhumi airport passenger terminal in Samut Prakan province on April 11 last year. (Photo: Bangkokpost)

Earthquake further slows Thailand’s economic recovery

02/04/2025 18:32

The March 28 earthquake will further slow the already sluggish recovery of the property sector and impact foreign tourist arrivals in Thailand, according to the Bank of Thailand (BOT).

Authorities conduct a rescue operation at the scene of a passenger bus crash into a ravine on Bao Loc Pass, Lam Dong province, on March 30. (Photo: VNA)

Nearly 2,600 traffic deaths recorded in Q1, down 2%

02/04/2025 17:32

The majority of incidents took place on roadways, with 4,710 accidents causing 2,565 deaths and 3,192 injuries.

Rescue teams search for victims after the earthquake in Mandalay, Myanmar, on March 31, 2025. (Photo: Xinhua/VNA)

Myanmar earthquake: Relief efforts face major challenges

02/04/2025 15:53

The 7.7-magnitude earthquake has caused widespread destruction in central Myanmar, displacing tens of thousands. The situation has been further complicated by ongoing conflicts, particularly in the Sagaing region, making it extremely difficult to deliver aid to affected areas.

At the explosion site (Photo: Facebook/Anwar Ibrahim)

Malaysia investigates gas pipeline explosion

02/04/2025 15:21

The incident destroyed 78 houses and 10 shop lots, while also damaging 237 other houses and numerous vehicles. An estimated 364 people were affected, including 63 injured.

Prime Minister Paetongtarn Shinawatra listens to a briefing by a team of Israeli rescuers who are part of an international contingent working at the collapsed building site in Bangkok. (Photo: Bangkok Post)

Thailand works to restore global trust after Myanmar quake

02/04/2025 14:41

Prime Minister Paetongtarn Shinawatra underscored Thailand's commitment to restoring its image and ensuring public confidence, noting that a thorough investigation into the project's approval, design and construction materials is underway.

Thailand speeds up investigation into Bangkok building collapse

02/04/2025 14:37

The SAO building, valued at 2.1 billion THB (61.4 million USD), had been under construction for approximately five years and was nearing completion. It was the only building in Bangkok to collapse as a result of the powerful earthquake in Myanmar.

Personnel from the Vietnam People’s Army talk to Myanmar people about search and rescue efforts after the eathquake. (Photo published by VNA)

Myanmar earthquake: UN agencies report progress in humanitarian assistance

02/04/2025 11:08

The UN Resident and Humanitarian Coordinator a.i. in Myanmar Marcoluigi Corsi, reported that aid initiatives are proceeding smoothly without significant obstacles.

Delegates at the event (Photo: kpl.gov.la)

Laos aims for sustainable infrastructure development

02/04/2025 05:32

Laos' Enabling Environment Roadmap for Infrastructure Asset Management (IAM EE) outlines strategies for the effective management of public infrastructure, including roads, schools, and hospitals, with a focus on resilience, inclusivity, and sustainability.