Mon, 14 Jan 2008

Jakarta (ANTARA News) - Actual foreign direct investment (FDI) in Indonesia reached 10.34 billion US dollars last year, 73.2 percent more than in 2006, the National Investment Coordinating Board said Monday.

The board said actual domestic investment rose 57.8 percent last year to 34.87 trillion rupiah.

Actual FDI was well above the board's target of 42.6 trillion rupiah and actual domestic investment was well above its target of 25.96 trillion rupiah, the board told Thomson Financial.

In total, actual investment rose 71.7 percent.

Singapore was the biggest source of actual FDI, putting 3.75 billion dollars into 124 projects, followed by the UK with 1.69 billion dollars, South Korea with 627.7 million dollars, Japan with 618.2 million dollars and Taiwan with 469.7 million dollars.

The agency said approved FDI reached 40.14 billion dollars last year, 156.48 percent more than in 2006.

Approved domestic investment was 188.87 trillion rupiah, up 16.0 percent.

In total, the amount of investment approved rose 81.2 percent. (*)