Indonesia: Total Investment expanded further in Q3 2023

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Economist at UOB Group Enrico Tanuwidjaja and Junior Economist Agus Santoso assess the latest investment figures in Indonesia. Key Takeaways Indonesia

attracted a strong investment realization of IDR374.4tn in 3Q23, up 21.6% y/y from IDR307.8tn. The robust investment growth can be attributed to higher investment in the base metals industry, mining, transportation, storage, and communication. Foreign Direct Investment contributed IDR196.2tn or 52.4% of total investment, while Domestic Direct Investment contributed IDR168.9tn or 47.6%. The downstream sector attracted investment of IDR114.6tn or representing 30.6% of total investment in 3Q23.

Robust investment growth is a catalyst for Indonesia's economic growth amid global uncertainty which resulted in exports contraction. Along with the government's program that still focuses on infrastructure development and downstreaming, going forward we expect investment will continue to grow positively, even higher than the target set by the government.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite Israel-Hamas War, It’s (Nearly) Business as Usual at Saudi Investment ForumJPMorgan, Goldman Sachs and Blackstone bosses were there, a sign of the pull the kingdom and Mohammed bin Salman have on the finance world
Source: WSJ - 🏆 98. / 63 Read more »

One major Wall Street investment firm says some sugary drink brands will survive this health trendTrendy dieters are shedding pounds, but some sugary drink providers should avoid the weight loss fallout.
Source: startelegram - 🏆 248. / 63 Read more »

NY Governor Hochul Announces Nation’s Largest-Ever State Investment in Renewable Energy is Moving ForwardThree Offshore Wind and 22 Land-Based Renewable Energy Projects Totaling 6.4 Gigawatts Will Power 2.6 Million New York Homes and Deliver 12% of New York’s Electricity Needs in 2030
Source: cleantechnica - 🏆 565. / 51 Read more »