Foreign Direct Investments in Indonesia Decline for the Second Consecutive Quarter ended June 2020

Data from the Investment Coordinating Board (BKPM) as announced on the 22nd of July 2020 showed that foreign direct investments (FDI) into Indonesia declined 6.9% year-over-year (YoY) to IDR 97.6 trillion during the April-June 2020 quarter. Singapore continued its position as the largest contributor to FDI in Indonesia for the first six months of 2020.

According to the Head of the BKPM, Bahlil Lahadalia, this was well below FDI expectations of IDR 200 trillion for the quarter. This decline marked the second consecutive quarter of FDI contraction for 2020, with FDIs in the quarter ended March 2020 declining 9.2% YoY.

The BKPM also reported that domestic direct investments had decline...