You are here

Foreign direct investment into Indonesia drops in Q2 y-o-y: government agency

2018-08-13T074644Z_1528661919_RC1A5007E1C0_RTRMADP_3_INDONESIA-RUPIAH.JPG
Foreign direct investment (FDI) into Indonesia contracted 12.9 per cent in the second quarter from a year earlier, the country's investment board reported on Tuesday.

[JAKARTA] Foreign direct investment (FDI) into Indonesia contracted 12.9 per cent in the second quarter from a year earlier, the country's investment board reported on Tuesday.

The decline is the first since at least 2011, according to Thomson Reuters data.

Indonesia attracted 95.7 trillion rupiah worth of FDI in April-June, or around US$7.1 billion using the investment board's rupiah exchange rate of 13,400 to the dollar - the assumption made for the 2018 state budget.

At 0338 GMT on Tuesday, the rupiah's exchange rate was 14,615 to the dollar.

The board's data excludes banking and the oil and gas sector.

REUTERS

sentifi.com

Market voices on: