Foreign direct investment (FDI) doubled in the first ten months from the same period a year ago, partly due to strong investment in sectors such as telecoms and transportation, the state investment agency (BKPM) said on Tuesday, Reuters reported.
Actual foreign investment rose 103% to $9.08 billion in January-October.
Analysts cited by Reuters said the increase came amid improving investor confidence and against a backdrop of falling interest rates and a largely stable currency.
Actual investment in the transportation, warehouse and telecommunications sector was worth a total of $3.3 billion.
FDI approvals rose 177% to $36.75 billion in January-October from the same period last year.
Actual domestic investment rose 144% to Rp32.98 trillion ($3.60 billion) in January-October from a year ago. Domestic investment approvals rose 22% to Rp175.56 trillion in the same period.
The paper and printing industries contributed Rp14.55 trillion to the total of actual investments.
"The (total) actual investment during the January-October period was a record high," Bisnis Indonesia quoted BKPM chairman quoted Muhammad Lutfi as saying.