Indonesia Q2 FDI growth slowest in 1-1/2 years

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Indonesia Q2 FDI growth slowest in 1-1/2 years
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JAKARTA : Incoming foreign direct investment to Indonesia grew 14.2 per cent on a yearly basis in rupiah terms in the April-June quarter, the investment ministry said, the slowest growth pace in one and a half years.FDI was worth 186.3 trillion rupiah in the second quarter, or $12.59 billion, using the co

JAKARTA : Incoming foreign direct investment to Indonesia grew 14.2 per cent on a yearly basis in rupiah terms in the April-June quarter, the investment ministry said, the slowest growth pace in one and a half years.

Indonesia has seen FDI rise sharply as the resource-rich country attracts investment in the manufacturing of stainless steel and battery materials, after it banned exports of nickel ore in 2020.

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