Indonesian Political, Business & Finance News

Foreign Direct Investment in Indonesia Remains High Despite Iran-Israel Conflict, Says Investment Minister

| Source: GALERT
JAKARTA — Foreign direct investment (FDI) in Indonesia remains high despite the widening conflict between Iran and Israel, according to Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani.

"Looking at the appetite of our investors, it remains the same — still high. If we look at the nature of our investors, particularly FDI, it is concentrated more in Asian countries," Rosan said when met in Jakarta on Tuesday (24 June).

He noted that foreign investment flowing into Indonesia predominantly originates from Singapore, Hong Kong, China, Malaysia, Japan and South Korea, and that these countries continue to express strong commitment.

"The commitment remains the same, still high," he said.

Rosan added that the escalation in the Middle East has not had a significant impact on Indonesia thus far.

"Looking at the past six months, things have been very, very good. Very, very positive. For us, there appears to be no major impact — everything is fine and running well," he said.

On the platform X, Iranian Foreign Minister Abbas Araghchi stated there was no ceasefire agreement between Iran and Israel. If the Israeli regime halts its illegal aggression against the Iranian people by 4am Tehran time, Araghchi said, Iran would not intend to continue its response.

Recently, Iran also launched a series of missiles at the United States' Al Udeid Military Base in Qatar. The number of missiles fired in the attack was equal to the number used by the US — described as "the number of bombs the US used when attacking our nuclear facilities," according to Iran's Supreme National Security Council. The Islamic Revolutionary Guard Corps (IRGC), which claimed responsibility for the attack, called it a direct message to Washington and its allies.
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