Foreign direct investment in Indonesia in the second quarter is expected to be 15 percent higher than a year earlier, compared with a 9.8 percent increase in January to March, the investment chief said on Wednesday.

"God willing, there is no change [to the investment target of 15 percent]," Mahendra Siregar, chief of Indonesia's Investment Coordinating Board, told reporters.

The government has targeted foreign investment of $32.8 billion this year, up from just over $23 billion in 2013.

The FDI data, which shows what companies plan to invest rather than actual spending, excludes investment in the oil and banking sectors.

Related Articles

Korea’s Shin & Kim gets new head of financial regulatory group

by Nimitt Dixit |

Korean Big Six law firm Shin & Kim has continued the growth of its regulatory focus in 2024 with the addition of Seongkoo Cheong as a partner to lead its financial regulatory practice.

A&O Shearman, CC, AZP, AHP guide Indonesia’s $2.35 bln global sukuk issue

by Nimitt Dixit |

Global law firms Clifford Chance and A&O Shearman and local law firms AZP Legal Consultants and Assegaf Hamzah & Partners (AHP) have advised on the issuance of Indonesia’s landmark $2.35 billion global sukuk.

Gibson Dunn lands finance expert from White & Case in HK

U.S. law firm Gibson, Dunn & Crutcher has hired Daniel Abercromby as a partner in its Hong Kong office from White & Case, where he was a joint leader of the Asia Sponsor Finance practice.