Friday, August 18, 2017 - 4:35:11

Indonesia investment picks up 25 percent in 2013

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Indonesian Coordinating Minister for Economy Hatta Rajasa has said total investment in Indonesia last year scaled up by 25 percent to 398.6 trillion rupiah (some 32.88 billion USD) despite of the country's subdued economic growth and risks of US plan of reducing fund injection, according to news agencies.

Foreign direct investment touched 270.4 trillion rupiah (some 22.31 billion USD) and domestic investment 127.6 trillion rupiah (about 10.53 billion USD), Xinhua news agency quoted him as saying.

"The trend of growth (of investment) persists. (So) the investment (in 2013) grew by about 25 percent compared with that of in 2012," Hatta disclosed at the Jakarta Convention Centre.

For this year, he was upbeat about the target of 506.9 trillion rupiah (some 41.82 billion USD) investment.
Japan, followed by Singapore and the US, is the biggest investor in Indonesia, Hatta said.

Indonesia economic growth chalked up 5.7 percent last year and is foreseen at the lower end of a range of 5.8 to 6.2 percent this year, according to the central bank.-VNA
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