Foreign investment jumps 61% in January: BKPM Foreign direct investment jumped 61% to Rp6.39 trillion ($536 milli
Foreign direct investment jumped 61% to Rp6.39 trillion ($536 million) in January from a year ago despite the global economic downturn, the Investment Coordinating Board (BKPM) said on Tuesday, Reuters reported.
BKPM head Muhammad Lutfi said the energy, infrastructure, agribusiness and agriculture sectors are the main areas expected to attract foreign investment this year.
Domestic investment rose by a third to Rp760 billion in January from a year ago, with total investment up 58% to Rp7.15 trillion.
Investment in Indonesia rose 15.5% to $17 billion in 2008, below the target of around $20 billion, reflecting the worsening global economic conditions.
Meanwhile, a total of 25 investors from Hong Kong are ready to make investments in the infrastructure, energy and food sectors in Indonesia, Lutfi said.
The plan to enter Indonesia was the subject of a memorandum of understanding between BKPM and Hong Kong and Shanghai Banking Corporation Limited (HSBC) signed on Tuesday, he said.
BKPM, he said, concluded an MoU on the investment intentions with the CEO of HSBC Indonesia, Rakesh Bhatia.
BKPM head Muhammad Lutfi said the energy, infrastructure, agribusiness and agriculture sectors are the main areas expected to attract foreign investment this year.
Domestic investment rose by a third to Rp760 billion in January from a year ago, with total investment up 58% to Rp7.15 trillion.
Investment in Indonesia rose 15.5% to $17 billion in 2008, below the target of around $20 billion, reflecting the worsening global economic conditions.
Meanwhile, a total of 25 investors from Hong Kong are ready to make investments in the infrastructure, energy and food sectors in Indonesia, Lutfi said.
The plan to enter Indonesia was the subject of a memorandum of understanding between BKPM and Hong Kong and Shanghai Banking Corporation Limited (HSBC) signed on Tuesday, he said.
BKPM, he said, concluded an MoU on the investment intentions with the CEO of HSBC Indonesia, Rakesh Bhatia.