The Jakarta Post
The growth of foreign direct investment (FDI) in Indonesia is predicted to remain high next year as the country will likely retain its economic strength amid economic problems beleaguering other competitors in attracting foreign investment to the region.
“Seeing how such problems are unfolding in China and India, investors are now turning to Indonesia, which they deem as attractive because of our stable economic growth and huge domestic market,” Azhar Lubis, deputy chairman of the Investment Coordinating Board (BKPM), said on Wednesday.
In addition, Indonesia offered huge opportunities for companies wanting to expand their output, he said, citing the country’s large population of 240 million who currently remained largely dependent on imported goods to meet their needs.
China saw its FDI realization to fall 3.45 percent to US$91.7 billion in the January-...