Business highlights from Indonesia this month:
- Foreign direct investment (FDI) in Indonesia in the first nine months of 2011 was 16 percent higher than for the same period last year. The country’s investment board says FDI in the third quarter was 46.4 trillion rupiah ($5.27 billion).
- Indonesia may feel the effects of the global economic crisis after all, according to the International Monetary Fund. The IMF says a sell-off by foreign investors in developed markets could trigger a loss of faith in the region’s capital markets. In October, foreign ownership in Indonesian bonds, at Rp 214 trillion ($24.2 billion), accounts for 31 percent of the total.
- Indonesia’s economy grew 6.5 per cent year-on-year in the second quarter of 2011 reports the World Bank. Inflation was 4.61 per cent in September, from 4.79 per cent in August.