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JAKARTA - FOREIGN direct investment (FDI) in Indonesia reached US$10.34 billion (S414.83 billion) last year, 73.2 per cent up on 2006, the National Investment Coordinating Board said on Monday.
The amount was well above the board's target of 42.6 trillion rupiah (S$6.5 billion), it said.
Domestic investment rose 57.8 per cent last year to 34.87 trillion rupiah, above the target of 25.96 trillion rupiah, the board said.
Overall, investment rose 71.7 percent.
Singapore
Singapore was the biggest source of FDI, putting US$3.75 billion into 124 projects, followed by the United Kingdom with US$1.69 billion, South Korea with US$627.7 million, Japan with US$618.2 million and Taiwan with US$469.7 million.
The agency said approved FDI reached US$40.14 billion last year, 156.48 per cent more than in 2006.
Approved domestic investment was 188.87 trillion rupiah, up 16.0 per cent.
In total, the amount of investment approved rose 81.2 per cent.
Investment is one of the main current drivers of Indonesia's economic growth, along with consumption and exports.
The government of Southeast Asia's largest economy is forecasting growth in 2008 of 6.4 per cent to 6.7 per cent.
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