Indonesia’s Growth Unexpectedly Quickens on Investment Surge
By Novrida Manurung and Hidayat Setiaji - Aug 6, 2012 3:22 PM GMT+1000
President Susilo Bambang Yudhoyono has sought to boost investor confidence as he strives to leave behind the turmoil of the Asian financial crisis, when the country was forced to seek an International Monetary Fund bailout.
Investment climbed 24 percent to 76.9 trillion rupiah ($8.1 billion) in the three months ended June 30 from a year earlier, M. Chatib Basri, chairman of the Investment Coordinating Board, said July 25. The country is targeting foreign and local investment of about 500 trillion rupiah in 2014, from as much as 290 trillion rupiah in 2012, he said in an interview with Bloomberg.
http://www.bloomberg.com/news/2012-08-06/indonesia-economic-growth-exceeds-estimates-as-investments-surge.html
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