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Indonesia sees 25pc investment hike last year

January 22, 2014 00:00:00


JAKARTA, Jan 21 (Xinhua): Total investment in Indonesia last year scaled up by 25 per cent to 398.6 trillion rupiah (some US$32.88 billion), a minister said on Tuesday, despite of the country's subdued economic growth and risks of US plan of reducing fund injection.

Foreign direct investment touched 270.4 trillion rupiah (some $22.31 billion) and domestic investment 127.6 trillion rupiah (about $10.53 billion), Coordinating Minister for Economy Hatta Rajasa revealed.

"The trend of growth (of investment) persists. (So) the investment (in 2013) grew by about 25 per cent 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) investment.

Japan, followed by Singapore and the United States, is the biggest investor in Indonesia, according to Hatta.

The Southeast Asia's largest economy has had credit rating upgrade to investment grade from Moody's and Fitch rating agencies, helping lure jaded investors to park their funds in the country.

For the final quarter last year, the investment picked up 26.4 per cent to 105.3 trillion rupiah (equal to $8.69 billion) on yearly basis, said Mahendra Siregar, chairman of coordinating investment board.

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


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