Indonesia: Solid increase in FDI in Q2 – UOB
Economist at UOB Group Enrico Tanuwidjaja and Haris Handy assess the latest FDI figures in the Indonesian economy during the second quarter.
Key Quotes
“Indonesia’s direct investment rose by 16.2% y/y in April – June 2021 period vs. 4.3% in the previous quarter, underpinned by the positive performance of both, foreign direct investment (FDI) and domestic direct investment (DDI).”
“Singapore remained as the largest foreign investor in Indonesia, with investment valued at USD 2.1bn for 3,821 projects, followed by Hong Kong at USD 1.4bn for 615 projects.”
‘By sector, housing-industrial-estate-and-office-building were the largest recipients of DDI in 2Q21, valued at IDR 20.5tr (USD 1.4bn). Meanwhile, metal (except machinery and equipment) was the leading sector for FDI at USD 1.8bn.”