Indonesia FDI picks up in 4Q but down in 2020 due to virus impact


A worker at Soekarno-Hatta International Airport near Jakarta, Indonesia, transports containers of Covid-19 vaccines on Jan 20. - Reuters

JAKARTA: Foreign direct investment (FDI) into Indonesia in the fourth quarter last year rose 5.5% to 111.1 trillion rupiah ($7.92 billion), despite a slowdown earlier in the year, data from the country's investment board showed on Monday.

For the whole of 2020, there was 412.8 trillion rupiah ($29.44 billion) of FDI into Southeast Asia's largest economy, down 2.4% from 2019, as companies put a hold on some investment plans due to the coronavirus pandemic.

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