Thu, 18 Sep 2008
Investment in Indonesia should grow more than 10% this year despite global financial turmoil, Trade Minister Mari Pangestu said Wednesday, Agence France-Presse reported.

"We are still optimistic that investment in Indonesia will grow more than 10% even though the condition of global markets is very bad," she told reporters.

Total investment last year was Rp135 trillion ($14.3 billion), she said.

Next year authorities may launch initiatives to encourage foreign investment in sectors other than commodities, Pangestu said.

Indonesia can also export more to China, India and the Middle East to offset weakening demand in trade partners like the United States, she added.

Bank Indonesia, the central bank, said last week that Indonesia posted a second-quarter current account deficit of $1.5 billion, its first in almost three years.



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