JAKARTA Foreign direct investment into Indonesia rose 15.5% on a yearly basis in rupiah terms to 204.4 trillion rupiah in the first quarter, investment ministry data showed on Monday, up significantly from the 5.3% growth in the previous quarter.

The data excludes investment in financial and oil and gas sectors.

Including domestic sources, Southeast Asia's largest economy saw a total of 401.5 trillion rupiah worth of direct investment, creating over 540,000 jobs, the ministry said.

Indonesia has seen a boom in investment in mining and refining of metals after it banned exports of nickel ore in 2020 and other metal ores in 2023.

The biggest beneficiaries of FDI in the January-March period were the base metal, mining, as well as transportation, warehousing and telecommunication sector.

Singapore, Hong Kong and China were the biggest sources of FDI.

  - Reuters