Wednesday, November 6, 2013

FDIs in Indonesia are at highest ever recorded

Total investments jumped 23 percent year-on-year to top Rp 100.5 trillion (US$8.9 billion) in July-September, the highest ever recorded, despite the capital outflows and financial market turbulence that took place during that period.

The new BKPM chairman, who was just elected last month, targeted to realize Rp 450 trillion of investments next year, a 15 percent increase compared to this year.

Investments account for around 25 percent of Indonesia's gross domestic product (GDP), which is the second-biggest growth driver after household consumption.

(Source: Antara News)

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