Investment in Indonesia grows 13% in H1
Post Date: 22 Jul 2011 Viewed: 554
Indonesia recorded a 13 percent investment growth in the first half 2011 to 115.6 trillion rupiah (about 13.56 billion U.S. dollars) compared to the same period last year, the country's largest news portal detik.com reported here on Thursday.
The figures consist of foreign investment of 82.6 trillion rupiah (about 9.7 billion dollars) and domestic investment of 33 trillion rupiah (about 3.9 billion dollars).
Head of the Investment Coordinating Board Gita Wirjawan told reporters that domestic investment increased by 50.7 percent compared to the same period last year while foreign investment increased by 16.2 percent.
According to him, West Java province was the favorite domestic investment destination, followed by Jakarta, East Java, Central Kalimantan and South Sulawesi. The investment spread in five main industries of agriculture, plantation, transportation, warehousing and telecommunication.
Meanwhile, he said, foreign investment preferred to plant capital in provinces of West Java, Jakarta, Papua, Banten and South Sumatra in sectors of mining, agriculture and plantation, transportation, warehousing, telecommunication, basic chemical, basic metal and electronic.
The biggest investors were from Singapore, the United States, Japan, the Netherlands and South Korea.