Indonesia gets US$18.7b in direct investment since Widodo took office
[JAKARTA] Indonesia has attracted US$18.7 billion worth of prospective investments from domestic and foreign investors since the new President Joko Widodo took office in October, its Investment Coordinating Board said.
Most of the investments were in import substitution industry, maritime and mineral processing plant, the board said in a statement on Thursday.
During the first nine months of the year, Indonesia recorded 342.7 trillion rupiah (US$27.44 billion) worth of domestic and foreign direct investment, according to data from the investment board. This was 75.1 per cent of its target.
In the third quarter this year, Indonesia drew US$6.4 billion foreign direct investment, a 16.9 per cent growth from last year.
The data excludes investment in oil, gas and banking sector.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s central bank adds more gold to its reserves in April
Wall Street bonuses to rise this year as deals return, says report
Bank of Japan to scrutinise yen moves in guiding policy: Governor Ueda
A look back on three decades of change in liner shipping
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
German factory orders drop in sign of enduring weakness