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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.
Indonesia: FDI growth slows down in Q1 ảnh 1Illustrative photo (Source: jamaicaobserver.com)

Jakarta (VNA) - Foreign directinvestment (FDI) in Indonesia rose only 0.9 percent on an annual basis inthe first quarter this year, slowing from the 2.1 percent increase in theprevious quarter amid global economic uncertainties, Jakarta Post citedofficial statistics from the country’s Investment Coordinating Board (BKPM).

Indonesia received 97 trillion Rp (7.3 billionUSD) worth of FDI in the January-March period, excluding investment in thebanking and oil and gas sectors.

Meanwhile, domestic direct investment (DDI) grew 36.5 percent in the sameperiod to 68.8 trillion Rp, compared to 25.8 percent growth in the previousquarter.

Singapore was the biggest investorduring the period, with 2 billion USD in 1,314 projects, followed byJapan with 1.4 billion USD, China with 599.6 million USD and the United Stateswith 587.4 million USD.-VNA
VNA
#Indonesia #FDI #foreign direct investment #Investment Coordinating Board #BKPM #Jakarta Post #Singapore #China #US #Japan
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