Indonesia's foreign direct investment soars 32% y/y in Q1

Jakarta, Indonesia. Photo by Eko Herwantoro on Unsplash

Foreign direct investment (FDI) in Indonesia soared 31.8% on a yearly basis in the first quarter in rupiah terms, the country’s investment minister said on Wednesday, boosted by a broader rise in investments in resource processing industries.

FDI climbed to 147.2 trillion rupiah ($10.22 billion) in the January-March quarter, Bahlil Lahadalia said, listing Singapore, Hong Kong and China as the biggest sources.

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