Indonesia FDI surges 26% to record high in 2012

Indonesia's foreign direct investment, FDI, surged 26 percent to a record high last year. 

The country's investment board said the better performance was driven by the mining, transport and chemical sectors. 

For the fourth quarter, FDI grew nearly 23 percent on-year. 

Indonesia drew strong portfolio funds and FDI flows last year after regaining investment grade status from two ratings agencies. 

Investment has been the second key driver of growth behind buoyant domestic demand.