The Jakarta Post
Indonesia saw a record high level of investment realization in 2012, thanks to a 22.4 percent jump in foreign direct investment (FDI) in the fourth quarter, as the consumer-driven nation attracted overseas investors amid the economic troubles of the West.
Throughout January-December last year, Indonesia realized total investments of Rp 313.2 trillion (US$32.5 billion), surpassing its annual target of Rp 283.5 trillion, the Investment Coordinating Board (BKPM) reported on Tuesday.
FDI, which accounts for 70 percent of total investments, surged 22.4 percent in the fourth quarter, with full-year FDI increasing by 26 percent to the unprecedented level of Rp 221 trillion.
Offshore investors realized their investments mostly in the mining sector (17.3 percent of total FDI realization), followed by the transportation and telecommunication sectors (11.4 percent) and the phar...