Indonesia sees 17% growth in FDI; Singapore tops inflows

Indonesia Flag Painted On Wall (Photo by criminalatt, www.freedigitalphotos.ne)

Indonesia has recorded 16.7 per cent growth in investment, both domestic and overseas, in the nine months to September reaching Rp 400 trillion ($29.07 billion) compared to Rp 342 trillion in the same period last year.

According to data from the Indonesia National Investment Coordinating Board (BKPM), the realized domestic investment in the nine months period amounted to Rp133.2 trillion ($9.7 billion), up 16.4 per cent from the same period last year, while the actual foreign direct investment amounted to Rp 266.8 trillion ($19.5 billion), up 16.9 per cent.

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