PT Sampoerna Strategic, owned by conglomerate PT Putera Sampoerna, plans to invest $8 million to develop sago palm plantations spanning 20,000 hectares and build a sago mill in Selat Panjang, Riau, an official from the Forestry Ministry said on Sunday.

BKPM Downgrades Forecast For 2009 Investment Growthby Dion Bisara & Muhamad Al AzhariNusa Dua, Bali. The National Coordinating Investment Board slashed its growth forecast for both foreign and local direct investment this year to 9 percent, down from 10.7 to 11.