Foreign Direct Investment in Indonesia Up 21% in Q2

Jakarta Globe, July 21, 2011

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Foreigndirect investment in Indonesia rose 21 percent in the second quarter of 2011from a year ago, as strong commodity prices attracted investors into the miningsector, the government said on Thursday.
FDI fromApril to June was Rp 43.1 trillion ($5 billion), which followed $4.6 billion offoreign investment in the first quarter, the country’s investment board (BKPM)said.
This tookFDI in the first six months to just short of a half of its full year target fora record Rp 156 trillion this year. Last year foreign investment into Indonesiareached a record Rp 148 trillion.
SoutheastAsia’s largest economy has been a hot destination for foreign investors in thepast two years due to its resilient economic growth, abundant resources,emerging middle class and political stability.
Reuters

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