logo

Indonesia's foreign direct investment grows 12.7 pct in Q1 2025

Malaysia Sun29-04-2025
JAKARTA, April 29 (Xinhua) -- Foreign direct investment (FDI) in Indonesia grew by 12.7 percent year-on-year to 230.4 trillion rupiahs (13.8 billion U.S. dollars) in the first quarter of 2025, Investment and Downstreaming Minister Rosan Roeslani announced on Tuesday.
"Foreign direct investment continued to rise," the minister said during a press conference at his office, referring to the January-March period.
Rosan noted that Singapore was the most significant contributor to FDI growth in the first quarter, with investments worth 4.6 billion U.S. dollars, followed by China's Hong Kong (2.2 billion U.S. dollars), China (1.8 billion U.S. dollars), Malaysia (1.0 billion U.S. dollars), and the United States (1.0 billion U.S. dollars).
He attributed the FDI expansion to increased investments in key sectors, including the basic metal industry, metal goods, machinery and equipment, transportation, telecommunications, warehousing, mining, other services, housing, and industrial and office areas.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cambodian capital's new airport ready for official operations next month
Cambodian capital's new airport ready for official operations next month

The Star

time40 minutes ago

  • The Star

Cambodian capital's new airport ready for official operations next month

KANDAL, Cambodia: Techo International Airport (TIA), which is the new airport for Phnom Penh, capital of Cambodia, is ready for official operations on Sept. 9 after the construction has been 100 per cent completed, a civil aviation chief said on Monday (Aug 11). Mao Havannall, minister in charge of the State Secretariat of Civil Aviation, said the TIA will conduct a final test flight of the Airbus 320 aircraft on Friday, Aug. 15. "On Sept. 9 at 7:00 a.m. (local time), we will issue an official document publicly on the operations of the 4F-level Techo International Airport here," he told reporters during a final inspection tour of the airport. However, the TIA's official inauguration ceremony will be held on Oct. 20 under the auspices of Cambodian Prime Minister Hun Manet, he said. "At this 4F-level new airport, it can accommodate the landing of giant-scale aircraft such as Airbus A380," he said. Havannall said the TIA is capable of handling up to 13 million passengers a year in the first phase. Work on the airport project began in 2020, with China State Construction Engineering Corporation (CSCEC) being the contractor. Invested by Cambodia Airport Investment Co., Ltd, the US$1.5-billion airport has been developed on an area of 2,600 hectares in southern Kandal and Takeo provinces, about 20 km from the capital Phnom Penh. The TIA is classified as a 4F-level airport, which is the highest level in the world. Thourn Sinan, chairman of the Pacific Asia Travel Association Cambodia chapter, said the new airport will enhance Cambodia's image as a modern and accessible destination. "Techo International Airport is poised to play a vital role in shaping Cambodia's future, enhancing its global presence and supporting sustainable economic growth," he told Xinhua. "Improved connectivity will attract more international airlines and travelers, showcasing Cambodia as a key player in the region," Sinan said. - Xinhua

Tariff truce extended by 90 days
Tariff truce extended by 90 days

The Star

time5 hours ago

  • The Star

Tariff truce extended by 90 days

At odds: A trade deal may lead to a summit later this year between Trump and Xi. — AP/AFP US President Donald Trump ordered a delay in the reimposition of higher tariffs on Chinese goods, hours before a trade truce between Washington and Beijing was due to expire. The White House's halt on steeper tariffs will be in place until Nov 10. 'I have just signed an Executive Order that will extend the Tariff Suspension on China for another 90 days,' Trump wrote on his Truth Social platform. While the United States and China slapped escalating tariffs on each other's products this year, bringing them to prohibitive triple-digit levels and snarling trade, both countries in May agreed to temporarily lower them. Their 90-day halt of steeper levies had been due to expire yesterday. Around the same time that Trump confirmed the new extension, Chinese state media Xinhua news agency published a joint statement from US-China talks in Stockholm saying it would also extend its side of the truce. China will continue suspending its earlier tariff hike for 90 days starting yesterday while retaining a 10% duty, the report said. It would also 'take or maintain necessary measures to suspend or remove non-tariff countermeasures against the United States, as agreed in the Geneva joint declaration,' Xinhua reported. In the executive order posted yesterday to its website, the White House reiterated its position that there are 'large and persistent annual US goods trade deficits' and they 'constitute an unusual and extraordinary threat to the national security and economy of the United States'. The order acknowledged Washington's ongoing discussions with Beijing 'to address the lack of trade reciprocity in our economic relationship' and noted that China has continued to 'take significant steps toward remedying' the US complaints. The 90-day extension means the truce is now set to expire just after midnight on Nov 10. US-China Business Council president Sean Stein said the current extension is 'critical to give the two governments time to negotiate an agreement' providing much-needed certainty for companies to make plans. A trade deal, in turn, would 'pave the way for a Trump-Xi summit this fall,' said Asia Society Policy Institute senior vice-president Wendy Cutler. But Cutler, herself a former US trade official, said: 'This will be far from a walk in the park.' — AFP

Model ‘self-reliance' for Global South, says Xi
Model ‘self-reliance' for Global South, says Xi

The Star

time5 hours ago

  • The Star

Model ‘self-reliance' for Global South, says Xi

(FILES)(COMBO) This combination of pictures created on August 11, 2025 shows Brazilian President Luiz Inacio Lula da Silva (L) during a press conference at the Planalto Palace in Brasilia on June 3, 2025, and Chinese President Xi Jinping (R) as he leaves Red Square after the Victory Day military parade in central Moscow on May 9, 2025. China's President Xi Jinping told his Brazilian counterpart Luiz Inacio Lula da Silva that the two countries could set an example of "self-reliance" in a phone call on August 12, 2025, state media reported. (Photo by EVARISTO SA and Kirill KUDRYAVTSEV / various sources / AFP) China's President Xi Jinping told his Brazilian counterpart Luiz Inacio Lula da Silva (pic) that the two countries could set an example of 'self-reliance' in a phone call yesterday, state media reported. The two leaders have both sought in recent months to present their countries as staunch defenders of the multilateral trading system – in stark contrast with US President Donald Trump's tariff onslaught. Xi said China would 'work with Brazil to set an example of unity and self-reliance among major countries in the Global South' and 'jointly build a more just world and more sustainable planet', according to state news agency Xinhua. He also said that 'all countries should unite and firmly oppose unilateralism and protectionism', Xinhua reported – a thinly veiled reference to US tariffs. A statement by the Brazilian presidency said that the phone call lasted about an hour, during which time Lula and Xi discussed a range of topics including the war in Ukraine and combatting climate change. 'Both agreed on the role of the G20 and BRICS in defending multilateralism,' the statement said. The leaders also 'committed to expanding the scope of cooperation in sectors such as health, oil and gas, digital economy and satellites', it added. — AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store