Foreign direct investment up 21 pct in Q2 y/y

Foreign direct investment (FDI) in Indonesia rose 21 percent in the second quarter of 2011 from a year ago, as strong commodity prices attracted investors into the mining sector, the government said on Thursday.

FDI from April to June was 43.1 trillion rupiah ($5 billion), which followed $4.6 billion of foreign investment in the first quarter, the country’s investment board (BKPM) said.

This took FDI in the first six months to just short of a half of its full year target for a record 156 trillion rupiah this year. Last year foreign investment into Indonesia reached a record 148 trillion rupiah.

Southeast Asia’s largest economy has been a hot destination for foreign investors in the past two years due to its resilient economic growth, abundant resources, emerging middle class and political stability.

Leave a Reply

Your email address will not be published. Required fields are marked *