Gita Wirjawan, chairman of Indonesia’s Investment Coordinating Board, has set himself and his country an ambitious target attracting $60 billion of foreign direct investment FDI by the end of 2014, which is almost triple the current level.
The board’s latest figures, released last Thursday, suggest that he might be on course. FDI rose 21.1% to Rp43.1 trillion $5 billion during the second quarter of this year from Rp35.6 trillion in the same period last year, making up 70% of total realised investment. Total investment in Indonesia including domestic sources was valued at Rp62 trillion, up 22% from Rp50.8 trillion
“It’s no longer enough to talk just about...
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