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Indonesia’s Q2 FDI Should Increase 15% Year on Year: BKPM

Jakarta. Foreign direct investment in Indonesia in the second quarter is expected to be 15 percent higher than a year earlier, compared with a 9.8 percent increase in January-March, the investment chief said on Wednesday.

“God willing, there is no change [to the investment target of 15 percent],” Mahendra Siregar, chief of Indonesia’s Investment Coordinating Board (BKPM), told reporters.

The government has targeted foreign investment of $32.8 billion this year, up from just over $23 billion in 2013.

The FDI data, which shows what companies plan to invest rather than actual spending, excludes investment in the oil and banking sectors.

Source: www.thejakartaglobe.com, Wednesday, June 18 2014