Indonesia posts year's first FDI growth in Q3; Jokowi targets lower exports of raw coal


A Balinese man wears face mask as he participates in the Hindu ritual of "Grebeg" at the Tegalalang village in Bali, Indonesia on Oct 22, 2020. In this biannual ritual, participants paint their bodies with colorful paint and parade around their village to ward off evil spirits. - AP

JAKARTA, Oct 23 (Reuters): Indonesia's incoming foreign direct investment (FDI) grew for the first time in three quarters in the July-September period and could continue to rise next year helped by a new deregulation law, its investment board chief said on Friday.

The Investment Coordinating Board (BKPM) recorded a total of 106.1 trillion rupiah (US$7.24 billion) worth of FDI in the third quarter, excluding banking and oil and gas sectors, up 1.1% on an annual basis.

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Indonesia , FDI , Growth , Q3 , Jokowi , Targets , Coal , Lower Exports

   

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