While new BKPM chief Bahlil Lahadalia did not provide a reason for the fall, he struck an optimistic tone for 2020, saying plans for the so-called “omnibus bills” would boost FDI.
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 South-East Asia’s largest economy.
Indonesia booked a total of US$28.2bil incoming FDI, excluding investment in banking and oil and gas sectors, according to the Investment Coordinating Board (BKPM) data. This represented 87.5% of target and a drop from 2018’s US$29.3bil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
