Indonesia’s FDI jumps in 2022

• Indonesia’s foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metals sector drawing in the biggest inflows, the investment minister said on 24 Jan, noting 2023 would be a more difficult year to attract investment.
• Southeast Asia’s largest economy received IDR654.4tn rupiah worth of FDI last year, or equivalent to USD45.6bn in the investment ministry’s official calculation, which assumes an exchange rate of 14,350 to the USD.
• Total investment, including from domestic sources, reached IDR1,207.2tn rupiah, Minister Bahlil Lahadalia said, roughly in line with the government’s target.
• This year’s investment target is IDR1,400tn.

External Link : https://www.reuters.com/markets/asia/indonesias-fdi-jumps-2022-led-by-mineral-processing-2023-01-24/