Thu, 09 Jul 2009
Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati hopes investment will grow seven percent to support the economy so that it could grow four percent this year.

"If growth is still quite strong we hope investment in the second quarter and in the second semester could grow higher than in the first quarter which was recorded at 3.5 percent," she said here on Wednesday.

"We hope it could grow close to seven percent so that our economic growth could be close to or maintained above four percent," she said.

She said investment growth was expected to come from foreign direct investment, bank credits, expenditures of state-owned and private companies and also from the capital market.

Data from the finance ministry show investment is predicted to grow 5.6 percent and the economy 4.1 percent in the first semester this year.

Meanwhile economy is predicted to grow 4.6 percent in the second semester, supported by investment which is expected to grow 9.2 percent.

In 2009 the country`s economy is expected to grow 4.3 percent, supported by an investment growth of 7.4 percent.

Foreign direct investment in the first semester this year meanwhile is predicted to reach US$4.549 billion or up from the same period last year reaching US$3.5 billion.
For the second semester it is predicted to reach US$1.704 billion, down from US$4.419 billion recorded in the same period last year.

Foreign portfolio investment in the first semester this year is predicted to be minus US$1.178 billion, down from minus US$288 million in the same period last year.

Foreign portfolio investment in the second semester of 2009 is predicted to reach US$420 million, up from minus US$1.309 billion in the same period last year.
(*)



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