Sat, 17 Apr 2010

Jakarta (ANTARA News) - Capital Investment Coordinating Board (BKPM) Chief Gita Wirjawan expressed optimism investment in Indonesia will grow 10 percent to 15 percent in the first quarter of this year.

"We are optimistic growth will be above 10 percent, between 10 percent and 15 percent," he said after an expose at the Asia Pacific Ministerial Conference here on Friday.

He said Indonesia`s economy was viewed positively by investors. The country`s economy which was able to grow 4.5 percent amid the world economic meltdown in 2009 would be an added value for the country.

"They believe the atmosphere in our country is conducive," he said.

He said he planned to announce investment that had entered in the first quarter of this year next month.

Regarding the revised assumptions in the national budget, Gita said they were still on the right track.

He said the fact that the assumed economic growth figure had been revised from 5.5 percent to 5.8 percent would not change the target of investment growth, especially with regard to gross fixed capital formation (PMTB).

"We need PMTB to grow 7.8 percent to support 5.5 to 6.0 percent growth. So it is still on the right track," he said.

He said the PMTB must reach 10 percent to 11 percent in 2012 to be able to support the 2014 budget expected to reach Rp2,000 trillion.(*)