Indonesia’s FDI surges 18.55 pct in Q3

JAKARTA, Oct. 15 (Xinhua) — Foreign direct investment in Indonesia grew by 18.55 percent year-on-year (yoy) to 232.65 trillion rupiah (around 14.9 billion U.S. dollars) in the third quarter of this year, Investment Minister and Head of the Investment Coordinating Board, Rosan Perkasa Roeslani, announced on Tuesday.
This growth is higher than the 16.6 percent yoy increase in the second quarter and the 15.5 percent yoy increase in the first quarter.
“Foreign investment shows significant growth with a positive trend,” said Roeslani.
The largest contributions to investment come from the basic metal, metal goods, and equipment industries, followed by the transportation, warehousing, and telecommunications sectors. The four largest investing countries are Singapore, China, the United States, and Malaysia.
From January to September 2024, total investment realization reached 1,261 trillion rupiah (around 81.1 billion U.S. dollars), or 76.45 percent of the annual target of 1,650 trillion rupiah (around 106.1 billion U.S. dollars). ■