Indonesia’s foreign investment jumps 73.2% in 2007
|
JAKARTA: Foreign direct investment (FDI) in Indonesia reached 10.34 billion dollars last year, 73.2 percent up on 2006, the National Investment Coordinating Board said Monday.
The amount was well above the board’s target of 42.6 trillion rupiah (4.5 billion dollars), it said. Domestic investment rose 57.8 percent last year to 34.87 trillion rupiah, above the target of 25.96 trillion rupiah, the board said. Overall, investment rose 71.7 percent. Singapore was the biggest source of FDI, putting 3.75 billion dollars into 124 projects, followed by the United Kingdom with 1.69 billion dollars, South Korea with 627.7 million dollars, Japan with 618.2 million dollars and Taiwan with 469.7 million dollars. The agency said approved FDI reached 40.14 billion dollars last year, 156.48 percent more than in 2006. Approved domestic investment was 188.87 trillion rupiah, up 16.0 percent. In total, the amount of investment approved rose 81.2 percent. Investment is one of the main current drivers of Indonesia’s economic growth, along with consumption and exports. The government of Southeast Asia’s largest economy is forecasting growth in 2008 of 6.4 percent to 6.7 percent. |
Source: http://economictimes.indiatimes.com/
Add comment January 15th, 2008