Indonesia attracts more foreign direct investment Q3

Source: Xinhua| 2017-10-30 17:36:41|Editor: liuxin
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JAKARTA, Oct. 30 (Xinhua) -- The government of Indonesia announced on Monday a higher foreign direct investment in the third quarter amid improving investment climate in the country.

The country's coordinating investment board disclosed that foreign direct investment grew 12 percent to 111.7 trillion rupiah (some 81.952 billion U.S. dollars) from July to September from a year ago.

That compares with a 10.6 percent growth to 8.241 billion U.S. dollars in the second quarter, according to the agency.

For domestic investment, it grew 16.8 percent to 64.9 trillion rupiah (4.762 billion U.S. dollars) in the third quarter, Azhar Lubiz, deputy chairman for investment supervision and controlling at the board told a press conference.

Indonesia secured credit rating upgrade to investment grade with stable outlook from S&P Global rating in May after the country got similar level of upgrade from Fitch and Moody's rating agencies.

The government has carried out a massive improvement in regulation, procedures and incentives in a bid to improve investment climate in the country.