Indonesian FDI gearing back up

Official figures show 51% rise in fresh investment approvals.

Investments in Indonesia may not be topping the $30-billion-a-year charts as they did in the mid-1990s heyday, but they are on the rise thanks to increasing confidence in the stability of Indonesian businesses and the possibility that corruption is on the wane.

Fresh investment approvals - both from domestic and overseas sources - rose by 51% in the first six months of the year compared to the same period last year to Rp 80.85 trillion US$8.5 billion, according to the Investment Coordinating Board.

Foreign Direct Investment FDI approvals increased 72% to $5.93 billion compared to the corresponding period a year earlier.

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