Indonesia`s Jan-Sept actual direct investment up 115 percent

Jakarta (ANTARA News) - Actual domestic and foreign direct investment in Indonesia in the first nine months rose 115 percent from a year before to 109.73 trillion rupiah, National Investment Coordinating Board chairman Muhammad Lutfi said Tuesday.

Actual foreign direct investment grew 99 percent to 76.86 trillion rupiah, he said.

The board approved domestic and foreign direct investment proposals worth 468.73 trillion rupiah, 131 percent more than a year before.

"Investors should have seen a pickup in consumer purchasing power, so they think there is a market that needs to be supplied," the board's secretary-general, Yus'an, told Thomson Financial.

He said the increased investment is a good sign for the banking sector as demand for fresh funding normally increases when more companies try to expand their capacity.