Jakarta seeks China funds to boost growth as FDI stagnates
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Jakarta
INDONESIA will seek more funds from China to help drive economic growth after foreign investment stagnated last quarter.
Foreign direct investment (FDI) was US$7.4 billion in July through September, unchanged from the previous quarter and down from US$7.5 billion a year earlier, according to the Indonesia Investment Coordinating Board. In rupiah, it rose 18 per cent from a year earlier. Total investment, including from domestic sources, climbed 17 per cent in rupiah terms from a year earlier, and the government expects to exceed its full-year target of 519.5 trillion rupiah (S$53 billion), it said.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
