Indonesia FDI reached $55.3bn in 2024

Singapore, China and Hong Kong were the biggest fourth-quarter investors

COPIED: 20240205N indonesia nickel mine REU

A Vale nickel mining site in Sorowako, Indonesia, in 2023. FDI flows into Southeast Asia's largest economy have been rising since Jakarta banned nickel ore exports in 2020. © Reuters

JAKARTA (Reuters) -- Indonesia's foreign direct investment last year was 900.2 trillion rupiah ($55.33 billion), up 21%, the investment ministry said on Friday.

FDI in the fourth quarter was 245.8 trillion rupiah, a 33.3% increase from the same period a year earlier, versus the third quarter's growth of 18.6%. The data excludes investment in the financial and oil and gas sectors.

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