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Indonesia sees steady increase of foreign investment

Xinhua, October 22, 2015 Adjust font size:

Foreign direct investment (FDI) in Indonesia grew 18.1 percent to 92.5 trillion rupiah (some 6.8 billion U.S. dollars) in the third quarter this year, on the basis the previous quarter's 18.2 percent, an official said here Thursday.

Most of the foreign investment went to the sectors of utility, mining and property during the July-September quarter, Franky Sibarani, chairman of the country's Investment Coordinating Board, said.

In the first nine months, Indonesia recorded a 16.9 percent increase in FDI which amounted to 266 trillion rupiah (about 19.6 billion U.S. dollars) from a year earlier, Sibarani said.

"This achievement indicates the government keeps the growth of investment amid subdued economic growth," he added.

The government has issued an economic stimulus package, including acceleration and simplification of investment licensing through deregulation.

On Wednesday, President Joko Widodo asked governors across the country to simplify regulations linked with investment to lure more foreign capital.

For whole of this year, Sibarani said Indonesia is expected to register 530 trillion rupiah (about 39.4 billion U.S. dollars) of foreign investment, up from last year's 518.5 trillion rupiah. Enditem