Indonesia sees attracting new FDI a challenge, after FDI falls 9.2% in Q1

Investment Coordinating Board (BKPM) head Bahlil Lahadalia (JP/Donny Fernando)

INDONESIA, May 8 (The Jakarta Post/ANN) - The COVID-19 pandemic has hindered the government’s efforts to attract new investments into the country, as evidenced by the new quarterly figures, according to Investment Coordinating Board (BKPM) head Bahlil Lahadalia.

Foreign direct investment (FDI), which accounts for less than half of total investment, fell by 9.2 percent to Rp 98 trillion (US$6.4 billion) in the January to March period from the same period last year, according to the agency’s data.