Boosting FDI is among President Joko Widodo's top priority to create jobs, but inflows have been weak due to slowing global growth and as investors adopted a wait-and-see approach during last year's general elections.
JAKARTA: Foreign direct investment (FDI) into Indonesia in 2019 fell short of the target, but the country's investment board chief is confident plans for regulatory changes will boost investors' interest in Southeast Asia's largest economy.
Indonesia booked a total of $28.2 billion incoming FDI, excluding investment in banking and oil and gas sectors, according to the Investment Coordinating Board (BKPM) data released on Wednesday. This represented 87.5% of target and a drop from 2018's $29.3 billion.
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