Foreign direct investment in Indonesia (excluding investment in banking and the oil and gas sectors) shrank 11.6% year-on-year to Rp99.0 trillion (US$7.4 billion) in the December quarter of 2018, compared to a 20.2% fall in the previous quarter. It marked the third consecutive quarter of decline in foreign direct investment, as investors were cautious ahead of the general election, which will be held in April 2019. For 2018 full year, Southeast Asia’s biggest economy attracted Rp392.7 trillion (US$29.31 billion) in the investment, down from US$32.24 billion in 2017.
