Direct investment forecast to grow 7.1% in 2010
The government predicted the country's direct investments would grow 7.1% next year, lower than this year's prediction of 7.4% and 11.8% in 2008, Asia Pulse reported on Friday.
The value of direct investment should be able to expand by at least 10% but it would be difficult with the global economic crisis, Finance Minister and Coordinating Minister for the Economy Sri Mulyani Indrawati said.
On Tuesday, chief of the Coordinating Investment Board Muhammad Lutfi reduced the investment growth target to between 9.7% and 10.2% this year from 11% previously set for both foreign and domestic investment.
In 2008, realization of investment reached $17.13 billion, up 20.5% from the previous year.
He said in the second half of the year, foreign direct investment may rise 6% and domestic investment 20%, with total investment worth around $7.3 billion compared with $4.5 billion in the first half, Dow Jones reported.
The value of direct investment should be able to expand by at least 10% but it would be difficult with the global economic crisis, Finance Minister and Coordinating Minister for the Economy Sri Mulyani Indrawati said.
On Tuesday, chief of the Coordinating Investment Board Muhammad Lutfi reduced the investment growth target to between 9.7% and 10.2% this year from 11% previously set for both foreign and domestic investment.
In 2008, realization of investment reached $17.13 billion, up 20.5% from the previous year.
He said in the second half of the year, foreign direct investment may rise 6% and domestic investment 20%, with total investment worth around $7.3 billion compared with $4.5 billion in the first half, Dow Jones reported.