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View all search resultsFDI bounces back in Q3, but economic outlook remains uncertain
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F
oreign direct investment (FDI) picked up in the July-to-September period from the pandemic-induced declines recorded in the preceding two quarters.
The Investment Coordinating Board (BKPM) reported Rp 106.1 trillion (US$7.21 billion) in realized FDI in the third quarter, a 1 percent increase from the same quarter a year earlier. Singapore accounted for 33.8 percent of the figure, followed by China and Japan.
The agency reported 9.2 percent and 6.9 percent year-on-year (yoy) declines in realized foreign investment in the first and second quarters, respectively.
“This is interesting, as FDI realization has started picking up although it has not been optimal. This is in line with [domestic investment],” BKPM head Bahlil Lahadalia said at a virtual press conference on Friday.
