Indonesia's FDI rises in Q4
2014-01-21 17:32:50
Indonesia's foreign direct investment or FDI increased in the fourth quarter of 2013 from a year earlier, data released by the Indonesia Investment Coordinating Board showed Tuesday.
The country's total FDI reached IDR 71.2 trillion in the October-December period, which was 25.4 percent more than a year earlier.
This was also higher than IDR 67 trillion foreign investment commitments realized in the third quarter of 2013.
President Susilo Bambang Yudhoyono's bold, market-friendly reforms to revive the economy, since taking office in 2004, have improved investor sentiment towards the South-East Asian nation.
Fitch Ratings and Moody's Investors Service restored the country's investment grade status in 2011 and 2012 respectively, strengthening foreign investment flows to the country. Standard and Poor's rates Indonesia at "BB-plus" one level below investment grade.