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Indonesia's FDI up 2.1 pct in Q4 2016

Xinhua, January 25, 2017 Adjust font size:

Indonesia's foreign direct investment (FDI) expanded 2.1 percent to 101.3 trillion rupiah (some 7.56 billion U.S. dollars) in the final quarter last year on yearly basis, official said here on Wednesday.

Most of the foreign capitals parked at the industries of metal, engine and electronic, mining, electricity, waters and gas, chemistry, pharmacy, and property, Azhar Lubis, deputy for foreign investment implementation and control at the investment coordinating board said.

For the whole of last year, the country's FDI rose 8.4 percent to 396.6 trillion rupiah (about 29.58 billion U.S. dollars), the deputy said at the board's headquarters.

The government has taken measures to attract foreign capitals, including the issuance of a raft of economic stimulus packages amid at better fiscal condition.

Rupiah gained 2.3 against U.S. dollars last year.

The Southeast Asia's largest economy is expected to expand steadily last year and this year at moderate level amid contractions in other nations. Endit