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Sep 01, 2015 16:00 JST

Foreign Direct Investment to Indonesia Highest in ASEAN

JAKARTA, Sep 01, 2015 - (ACN Newswire) - Foreign direct investment to Indonesia during the first half of 2015 was the highest in the ASEAN region, head of the Investment Coordinating Board Franky Sibarani said here Monday.

Data obtained from the Financial Times showed that the flow of investment to Indonesia amounted to US$13.66 billion, or 31 percent of all investment in ASEAN. "In the first semester of 2015 Indonesia absorbed 31 percent of foreign investment. This value is the highest among 10 ASEAN member countries," he said.

According to Sibarani, the figure is much higher than other ASEAN countries such as Vietnam which absorbed US$7.53 billion (17 percent) and Malaysia US$7.01 billion (16 percent). "This data shows that amid a slowing global economy, Indonesia still has potential as a major investment destination in ASEAN," he added.

Globally, the investment flow throughout the first half of 2015 reached US$ 311 billion, down to 15.8 percent compared to that of the first half of 2014, amounting to US$ 369.5 billion.

Nevertheless, the flow of investment into the Asia Pacific region in the first half of 2015 rose 9.2 percent or US$ 137.3 billion, compared to that of the first semester of 2014 which amounted to US$ 125.8 billion.

"Asia-Pacific is the only region which still recorded positive growth in investment flows," he said.

Investment into ASEAN in the first half of 2015 originated from China (17 percent), Japan (15 percent), Thailand (12 percent), South Korea (12 percent), Singapore (10 percent), United States (9 percent), Malaysia (3 percent), Germany (3 percent), Taiwan (2 per cent) and Switzerland (2 percent). --Antara.



Sectors: Daily Finance, Daily News

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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