Fri, 30 Jan 2009
Indonesia's foreign direct investment in 2008 rose sharply by 43.8% to $14.87 billion from 2007, according to data from the Investment Coordinating Board (BKPM), Xinhua reported.

Most of the investment was in the sectors of transportation and communication, it said.

Earlier, Reuters reported BKPM chairman Muhammad Lutfi as stating that total investment, including both foreign and domestic commitments, reached $17 billion in 2008.

Lutfi said however that the government has revised down its investment target this year to $17 billion from the previous target of $20 billion.



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