Indonesian Political, Business & Finance News

Archive: 5 January 2011

3 articles found

BPS reports sea freight decline

Domestic sea freight from January to November 2010 reached 9.9 million tons, a 27.2 percent decrease compared to the same period last year, the Central Statistics Agency (BPS) reports. According to BPS data, Panjang, Lampung and Surabaya’s Tanjung Perak ports saw a 14.4 percent and 5.2 percent decline in sea freight during this period. In contrast, Makassar, Tanjung Priok and Balikpapan seaports experienced a 29.3 percent, 19.3 percent and 1.7 percent increase.

Minister : Capital inflow for direct investment to rise

Jakarta (ANTARA News) - Chief economic minister Hatta Rajasa said he believed foreign capital inflow for direct investment would rise this year. "In 2011 it will increase by more than US$12 billion," he said here on Tuesday. He said in 2010 the capital inflow for direct investments reached US$12 billion and for portfolios US$16 billion. Although the capital inflow for direct investment would rise it did not mean that capital inflow for portfolios would decline, he said.

Indonesia hopes Singapore`s investment to rise 50 percent

Jakarta (ANTARA News) - Indonesia hopes Singapore`s investment in Indonesia will rise by up to 50 percent in 2011, chief economic minister Hatta Rajasa said here on Tuesday. "Singapore`s investment in Indonesia in 2010 was recorded at around five billion US dollars. We hope it will increase up to 50 percent," he said after meeting with Singapore`s minister of trade and industry Lim Hng Kiang.