FDI flow into Indonesia drops 5.1 percent in nine months
The flow of foreign direct investment (FDI) into Indonesia dropped by 5.1 percent from 317.8 trillion Rp (21.61 billion USD) in the first nine months of 2019 to 301.7 trillion Rp in the same period of 2020, the Indonesian Investment Coordinating Board (BKPM) has reported.
Chairman of BKPM Bahlil Lahadalia (Photo by BKPM Office)
Jakarta (VNA) – The flow of foreign direct investment (FDI)into Indonesia dropped by 5.1 percent from 317.8 trillion Rp (21.61 billionUSD) in the first nine months of 2019 to 301.7 trillion Rp in the same periodof 2020, the Indonesian Investment Coordinating Board (BKPM) has reported.
However, the domesticdirect investment (DDI) jumped 9.3 percent to 309.9 trillion Rp from 293.5trillion Rp of the same period last year.
The country posted investment disbursement of 611.6 trillion Rp in the lastthree quarters, up 1.7 percent year-on-year. In the third quarter only, totalinvestment jumped 8.9 percent to 209 trillion Rp from 205.7 trillion Rp.
Meanwhile, the disbursement of FDI rose 8.7 percent in the third quarter, thefirst growth this year, to 106.1 trillion Rp from 105 trillion Rp.
Speaking at a virtual conference on October 23, Chairman of BKPM BahlilLahadalia said the critical period for investment realization in the COVID-19pandemic era is over.
He believed that in the next quarter, the amount will be higher than the lastquarter thanks to the Omnibus Law, which is expected to be implemented thisyear to overcome a number of regulatory obstacles and ease of licensing./.
Indonesia will introduce a new business licensing regime in the omnibus bill on job creation to boost competitiveness and bolster investment, as the country's ranking in the World Bank’s Ease of Doing Business index stagnates at 73rd.
The Indonesian Government will introduce a special agency whose main task is to deal with foreign and domestic investment in the new capital city in East Kalimantan province.
Indonesian President Joko “Jokowi” Widodo announced on June 30 that seven foreign companies had confirmed plans to relocate production facilities to Indonesia, mostly from China.
Indonesia and the Republic of Korea (RoK) have enhancing their business ties with investments worth thousands of billions of rupiah that will create thousands of jobs in the Southeast Asian nation.
Indonesia will continue to encourage improvement of the investment environment despite the COVID-19 pandemic to revive its economy that is on the brink of recession, said deputy head of Indonesia’s Investment Coordinating Board (BKPM) Nurul Ichwan said on October 6.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Chairman of BKPM Bahlil Lahadalia (Photo by BKPM Office) 
