Investment in RI’s Agricultural Sector Reaches $12.4 Bln

03 July, 2013 | Source: The Bali Times

The Investment Coordinating Board (BKPM) said investment in the country’s downstream agricultural industry from early 2010 to March 2013 reached US$12.4 billion.

“The realized investment represents 13.1 percent of overall investment inflows in the period,” BPKM Deputy Chief for Investment Promotion Himawan H Djojokusumo said in Nusa Dua.

Much of the investment was from Singapore, Taiwan and Japan, he said.

Over the period, realized investment in downstream mining industry gave greater contribution than other sectors to the overall investment, reaching US$17.9 billion or 18.9 percent, he said.

“The three biggest investors in this sector came from South Korea, Britain and Australia,” he said.

He said relevant ministries will focus on developing the two sectors.

Investment in the two sectors must exceed the target of 30 percent set for 2013, he said.

“The investment target for this year is Rp390.2 trillion,” he said.

In the first quarter of 2013, realized investment reached Rp93 trillion, he said.

He expressed optimism that the target could be achieved as many investors have secured investment permits but have not realized their investment plans.

 

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President of the World Bank group, Jim Yong Kim, here on Tuesday expressed his support to the Indonesian governments plan on the tax reform program, which aimed to increase the state budgets income.
President Joko Widodo (Jokowi) plans to visit Turkey to develop partnership in strategic industry and economy with the country, Foreign minister Retno Marsudi said here on Monday at the state palace after a meeting prior to the presidents visit to Turkey and Germany.
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Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly.
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