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Indonesia still favored by foreign investors
Foreign direct investment (FDI) inflow to Indonesia has continued to rise, along with direct investment in South-East Asia, despite the slowdown in economic growth, says an UN report
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oreign direct investment (FDI) inflow to Indonesia has continued to rise, along with direct investment in South-East Asia, despite the slowdown in economic growth, says an UN report.
The World Investment Report 2015 revealed that FDI inflows to Indonesia rose by 20 percent to US$23 billion in 2014, while the combined direct investment in the region saw a rise of 5 percent to $133 billion.
"Indonesia is still more attractive compared to the other neighboring countries such as Vietnam and Thailand," Pratito Soeharyo, Director for Business Empowerment for the Indonesia Investment Coordinating Board (BKPM), told the press in Central Jakarta on Wednesday.
Vietnam, an important location for low-cost production by foreign companies, saw its direct investment inflows increase 3 percent to $9.2 billion in 2014.
The BKPM has expressed its plan to achieve its investment target at Rp 519.5 trillion this year, an increase of around 14 percent as compared to the value recorded in the previous year.
The realization investments in the first quarter hit Rp 124.6 trillion, a 16.9 percent increase from last year's Rp 106.6 trillion in the same period.
However, investment in Indonesia is still hampered by business regulation and licensing, according to Shinta Widjaja Kamdani, chairwoman for Indonesia Employers Association (APINDO).(++++)
