Indonesia's foreign direct investment soars 32% y/y in Q1

Indonesia's foreign direct investment soars 32% y/y in Q1

Jakarta, Indonesia. Photo by Eko Herwantoro on Unsplash

Foreign direct investment (FDI) in Indonesia soared 31.8% on a yearly basis in the first quarter in rupiah terms, the country’s investment minister said on Wednesday, boosted by a broader rise in investments in resource processing industries.