Indonesian investment at record levels

Posted: Wednesday, Nov 14, 2007 at 0000 hrs IST
Updated: Wednesday, Nov 14, 2007 at 0029 hrs IST

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: Investment in Indonesia during the first 10 months of the year rose 113% from a year ago to a record 114.70 trillion rupiah ($12.5 billion), an official said in Jakarta on Tuesday. The figure, for actual domestic and foreign direct investments, exceeded the previous record of 111.44 trillion rupiah set for the same period in 2005, chairman of the National Investment Coordinating Board Muhammad Lutfi said. Actual FDI in the first 10 months more than doubled to 81.72 trillion rupiah equivalent against 40.32 trillion rupiah a year ago, he said. Meanwhile, actual domestic investment rose 144% to 32.98 trillion rupiah.

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