Indonesia's FDI growth steady in Q3 in rupiah terms

[JAKARTA] Foreign direct investment (FDI) into Indonesia rose 18.1 per cent in the third quarter from a year ago in local currency terms, steady from 18.2 per cent growth in previous quarter, the country's investment board said on Thursday.

Total FDI in July-September reached 92.5 trillion rupiah (US$6.78 billion), the Investment Coordinating Board (BKPM) said. The board reports the figure in rupiah terms.

The board capped the rupiah exchange rate at 12,500 per dollar. That compares with Thursday's exchange rate of 13,635 per dollar.

Utility, mining, and property sectors were the biggest recipients of FDI in the quarter. The BKPM data does not cover investment in banking and oil and gas sector.

REUTERS