JakartaGlobe-Apr 27, 2021

Foreign direct investments into Indonesia has grown rapidly first quarter this year, reflecting investors’ confidence in Indonesia’s structural reform as global investments activities start to recover from the Covid-19 pandemic slump. The FDI rose 14 percent to Rp 111.7 trillion ($7.7 billion) in the January to March period from the same period last year, following a 5.5 percent rise in the previous quarter, data from Investment Coordinating Board (BKPM) showed on Monday. That was the fastest year-on-year, first-quarter growth pace in the past five years. The BKPM data exclude investment in oil and gas and banking and financial sectors. Foreign investment accounted for 50.8 percent of the total investment in the first quarter, retaking the pole position after local investors making up for more than half of total investments during the pandemic last year. Singapore and China remained among the top sources of investment.

Read more at: https://jakartaglobe.id/business/fdi-make-a-smashing-return-to-indonesia