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Indonesia FDI breaks new record in 2012
Last Updated: 2013-01-22 15:22 | Xinhua
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Indonesia foreign direct investment (FDI) reached new level of 221 trillion rupiah (around 24.6 billion U.S. dollars) during 2012, or 26.07 percent up from previous year of 175.3 trillion rupiah.

Chatib Basri, the Investment Coordinating Board (BKPM) chairman said global economy condition especially in U.S. and euro zone still remains gloomy, and it encourages the flow of foreign investment to come to Indonesia. "Indonesia is still promising due to high economic growth," he said here on Tuesday.

BKPM reported that cumulative investment from January to December 2012 reached 313.3 trillion rupiah, of which 92.2 trillion rupiah came from domestic direct investment (DDI) and 221 trillion rupiah from FDI. "The investment amount hit new historical record," he said.

Five biggest sectors have contributed to FDI achievement in 2012, mining sector (4.3 billion U.S. dollars), transport, storage and telecommunication (2.8 billion U.S. dollars), chemical and pharmaceutical industry (2.8 billion U.S. dollars), metal, machinery and electronic industry (2.5 billion U.S. dollars), and motor vehicle and other transport equipment industry (1.8 billion U.S. dollars).

Chatib said natural resources are no longer foreign investors's favorite due to declining of commodity prices. "They (investors) move to other sectors such as food and transportation," he said.

Most FDI flow into five districts, West Java, Jakarta, Banten, East Java and East Kalimantan.

Indonesia's biggest investors are Singapore, Japan, South Korea, USA and Mauritius.

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