Foreign direct investment (FDI) in the first quarter of 2017 appeared sluggish. Data from the Investment Coordinating Board shows that foreign investment (PMA) from January to March 2017 only grew by 0.9 percent to Rp 97 trillion from the same period the previous year. This figure represents only 22.6 percent of the 2017 target of Rp 429 trillion.
Meanwhile, domestic investment (PMDN) in the first three months of 2017 surged 36.5 percent to Rp 68.8 trillion from the same period the previous year. This amounts to 27.5 percent of this year's target of Rp 249.8 trillion.
Overall, total investment, comprising PMA and PMDN, in the first quarter of this year grew by 13.2 percent to Rp 165.8 trillion from the previous year. This figure only reaches 24.4 percent of the 2017 target of Rp 678.8 trillion.
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