Foreign Direct Investment in Indonesia Up 21% in Q2

Jakarta Globe, July 21, 2011

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Foreign direct investment 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 Rp 43.1 trillion ($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 Rp 156 trillion this year. Last year foreign investment into Indonesia reached a record Rp 148 trillion.

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.

Reuters