Investment Jumps 115% to $12bn
JAKARTA ~ Indonesia’s actual domestic and foreign direct investment in the first nine months of 2007 rose 115 percent from a year before to Rp109.73 trillion (US$12 billion), officials said this week.
National Investment Coordinating Board chairman Muhammad Lutfi said actual foreign direct investment grew 99 percent to Rp76.86 trillion.
The board approved domestic and foreign direct investment proposals worth Rp468.73 trillion, 131 percent more than a year before.
“Investors should have seen a pickup in consumer purchasing power, so they think there is a market that needs to be supplied,” the board’s secretary general, Yus’an, said.Filed under: Headlines