JAKARTA, Indonesia—Foreign direct investment in Indonesia hit a new high in the fourth quarter, as a growing middle class continued to attract companies to the country.
"Unfavorable situations in Europe and the U.S. have encouraged investors to come to Indonesia," Chatib Basri, chairman of the government's Investment Coordinating Board, said Tuesday at a news conference announcing the FDI figures.
In the last quarter of 2012, Indonesia's foreign direct investment rose 22.9% from a year earlier to 56.8 trillion rupiah ($5.9 billion), according to data from the investment board. The previous record, 56.6 trillion rupiah, was set ...
