Foreign Investment Climbs Nearly 12%

Amid a bumper day of positive economic news for the country, the Investment Coordinating Board announced that foreign direct investment in Indonesia rose 11.6 percent in the first quarter from a year earlier.

News of the increase from the board, also known as the BKPM, complemented a standout day on the Jakarta Composite Index. The JCI rose 62.11 points, or 1.7 percent, to a record close of 3,794.76.

Sustained confidence in Indonesia’s economy showed as foreign direct investment rose to Rp 39.5 trillion ($4.6 billion) from Rp 35.4 trillion a year earlier, while domestic investment jumped to Rp 14.1 trillion from Rp 6.7 trillion a year earlier.

Categories: Indonesia

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