Indonesia's FDI Growth Rises 16.9 Pct Y/Y In Q2
Bareksa • 24 Jul 2014
FDI growth in the first quarter had slowed sharply compared with its pace in recent years.
Bareksa.com - Growth in foreign direct investment in Indonesia started to pick up in the second quarter this year led by the transport, warehouse and telecommunication sectors, after slumping in the first quarter, data showed on Thursday.
The Investment Coordinating Board (KPM) said on Thursday that foreign investment commitments rose 16.9 percent in April-June compared with the same period of 2013, reaching 78 trillion rupiah ($6.77 billion). The rate used by the board is 10,500 rupiah per dollar which compares with the current actual rate of around 11,500.
The G20 members FDI growth in the first quarter had slowed sharply compared with its pace in recent years. FDI was up only 9.8 percent from Q1 last year, whereas growth in the first quarter 2013 was 27.2 percent.
There has been concern that foreign investor appetite for Southeast Asia's biggest economy might wane after the government ban of mineral ore exports in January.
The FDI data does not include investment in the oil, gas, and banking sectors. ($1 = 11527.0000 rupiah)
(Source : Reuters)