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Indonesia records 24 pct investment growth in Q2 this year

07-25-2012 15:47 BJT

JAKARTA, July 25 (Xinhua) -- Chairman of Indonesia's Investment Coordination Agency (BKPM) Chatib Basri said on Wednesday that Indonesia has recorded new investment totaling 76.9 trillion rupiah (about 8.1 billion U.S. dollars) as of the second quarter this year, or 24 percent higher than 62 trillion rupiah in the same period last year.

He said that figure consisted of domestic and foreign investments reaching 20.8 trillion rupiah and 56.1 trillion rupiah respectively.

He furthermore said that the Q2 investment figure led to total investments in the first half this year stood at 148.1 trillion rupiah (about 15.6 billion US dollars).

"It makes investments growth in the first half this year stood at 28.1 percent if compared to 115.6 trillion rupiah in the same period last year," Chatib said.

By implementing prudent economy system and better coordination with regional governments, he is confident to see improving investments in the future.

Metal-basis industry contributed the largest domestic investments in the second quarter, followed by machinery and electronics, paper manufacture, food plantation industry, mineral and non-metal industry and food processing.

For foreign investments, Chatib said that mining sector was apparently contributed the most in the period.

Banten province hosted the most investments in the period , followed by Riau, East Java, Jakarta and East Kalimantan, he added.

Singapore still top ranks foreign countries investing in Indonesia in term of investment amount as of the second quarter. It was followed by the United States, Australia, Japan and South Korea.

According to Chatib, new investments in the second quarter this year employed 351,513 people, or 56 percent higher than 225,804 people recorded last year.


Editor:James |Source: Xinhua

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