Indonesia on target to reach its FDI goal for 2011

posted in Good News From Indonesia by Ibrahim Al-Muttaqi

Indonesia is on target to meet its FDI (Foreign Direct Investment) goal for 2011 after positive figures emerged on Thursday 20th July 2011. The Governments investment board (BKPM) revealed the second quarter saw FDI rise by 21 percent compared to a year ago. FDI from April to June was Rp 43.1 trillion ($5 billion) and follows on from the $4.6 billion of FDI which flowed into Indonesia in the first quarter.

The numbers leave total FDI from the first six months just under half of the Governments FDI goal of Rp 156 trillion for the year. Indonesia is hoping to better last years numbers which saw record investment into Indonesia at Rp 148 trillion.

The positive numbers reinforce the fact that Indonesia has become an attractive destination for foreign investors. This has been attributed to the fact that in the last two years, Southeast Asias largest economy has experienced resilient economic growth, abundant resources, an emerging middle class and most importantly political stability.

news source : Reuters


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