Foreign direct investment into Indonesia (excluding investment in banking and the oil and gas sectors) jumped 39.7 percent year-on-year in the second quarter of 2022, accelerating from a 31.8 percent growth in the previous period, amid efforts by the government to ease business and licensing rules as COVID-19 situations improved further. Singapore was the biggest source of investment (USD 3.1 billion), followed by China (USD 2.3 billion), Hong Kong (USD 1.4 billion), Japan (USD 0.9 billion), and the US (USD 0.8 billion).
