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. Last Updated: 07/27/2016

Foreign Investment Booms in Indonesia

JAKARTA, Indonesia -- Indonesia has approved $7.2 billion worth of foreign investment in this year's first six months, up 192.9 percent from January to June last year, the official Antara news agency reported Tuesday.

The amount exceeds the total approved in all of last year -- $23.7 billion for 449 projects.

The largest share of new foreign investment was in the chemical industry, an official said.