Indonesia Remains a Major Investment Destination
Indonesia, Nov 04, 2013 (Menafn – ACN Newswire via COMTEX) –The Investment Coordinating Board (BKPM) reported that total investments had jumped 23 percent year-on-year to top Rp 100.5 trillion (US8.9 billion) in July-September, the highest ever recorded, despite the capital outflows and financial market turbulence that took place during that period.
“This is an important signal that Indonesia, amid the bleak global economic outlook, remains a major destination for investment,” BKPM chairman Mahendra Siregar told a press briefing.
Indonesia is on course to meet its annual investment target as overall investment growth has been maintained at above 20 percent in the third quarter, with robust growth in domestic direct investment (DDI) compensating for the slowdown in foreign direct investment (FDI).
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