Mon, 24 Jan 2011

TEMPO Interactive, Jakarta:The president director of PT CIMB Securities Indonesia Bernard Thien, says that Indonesia is now a favorite destination for foreign investors. Investment returns over the past five years have made Indonesia a popular choice for investors, he said.

However, Bernard estimated that Indonesia would still be haunted by inflation due to rising food and oil prices. While oil prices are influenced by commodity prices in the international stock exchange, Bernard said the increase of food prices was due to poor global harvests.