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Brunei
Friday, December 9, 2022
22.8 C
Brunei
Friday, December 9, 2022
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    Indonesia’s FDI valued nearly USD11B in Q3

    JAKARTA (XINHUA) – Indonesia has recorded a total of IDR169 trillion (about USD10.85 billion) of foreign direct investment (FDI) in the third quarter (Q3) of 2022.

    The FDI realisation growth in the third quarter reached 63.6 per cent on a yearly basis, Investment Minister Bahlil Lahadalia said at a press conference.

    China, Singapore, Japan, and China’s Hong Kong were the main sources of Indonesia’s FDI between July and September this year. According to the ministry, the country’s total investment realisation in the third quarter reached IDR307.8 trillion (USD19.7 billion), up by 1.9 per cent of the value in the same quarter of the previous year.

    The investment in the third quarter went into several main sectors, mainly those on metal and non-machine businesses, transportation, housing and electricity.

    The Indonesian government has set an investment realisation target of IDR1,200 trillion (USD77.05 billion) in 2022.

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