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Wednesday, January 12, 2011

Indonesia eyes total investment in 2011 of 2,500 trln rph

The Indonesian Investment Board (BKPM) expects total investment in 2011 will reach 2,500 trillion rupiah ($276.426 billion), up 25 percent from the forecast 2,000 trillion rupiah in 2010, the board said.

The board expects direct foreign and domestic investment in 2011 will grow 15 percent from last year to 230 trillion rupiah.

Total investment includes government spending and business expansion, while total direct investment is based on reports through the Investment Board. The investment board said that investors interest is expected in infrastructure in 2011. ($1 = 9,044 Indonesian Rupiah). Source: Reuters

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