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Indonesia says it draws $6.4 billion in FDI commitments in Q3

Friday, October 17, 2014 - 11:33
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Commitments for foreign direct investment in Indonesia in July-September were virtually identical with the level pledged in the previous three months, data released on Friday showed - PHOTO: AFP

[Jakarta] Commitments for foreign direct investment in Indonesia in July-September were virtually identical with the level pledged in the previous three months, data released on Friday showed.

The Investment Coordinating Board (BKPM) said that foreign direct investment (FDI) commitments in July-September were 78.3 trillion rupiah (US$6.4 billion), compared with 78 trillion rupiah in April-June.

In both periods, the commitments were 16.9 per cent higher than a year earlier, in rupiah terms.

On a year-on-year basis, FDI growth has been on a downward trend in Indonesia, contributing to the slowdown in economic growth.

The main areas attracting FDI in the third quarter were transportation, warehousing, telecommunications and mining.

The board's FDI data does not include investment in oil and gas as well as the banking sector. REUTERS