Indonesia Sets Out To Lure Investment
The Indonesian government will unveil a policy package Wednesday designed to lure FDI (foreign investment), senior minister said Monday.
Economic chief Minister Darmin Nasution said that the package would include the efforts to build industry, attract foreign investment and development of economy in special economic zone.
“Tomorrow (Tuesday), we will deliver it to the President. On Wednesday, it is likely to be announced,” he said at the parliament building.
“The big theme is how to build industry and lure investment,” Mr. Nasution said.
The government has been struggling to stabilize Rupiah which hit a fresh 17-yr low of 14,234 Vs the USD Monday.
The Indonesian central bank scaled down earlier this week its GDP growth forecast to 4.7 to 5.1% this year from the initial estimate of 5 to 5.5%.
The biggest economy in Southeast Asia grew at the lowest pace in 6 years to 4.71 and 4.67%’s for the 1st and 2nd Quarters this year, respectively.
By Tian Shaohui
Paul Ebeling, Editor
HeffX-LTN
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