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Indonesia hopes for 38 bln USD in investment this year

Indonesian Coordinating Minister for Economy Hatta Rajasa has expressed his optimism on the country’s prospects, saying that Indonesia will achieve the 38-billion-USD investment target this year as consumption picks up.
Indonesian Coordinating Minister for Economy Hatta Rajasa has expressedhis optimism on the country’s prospects, saying that Indonesia willachieve the 38-billion-USD investment target this year as consumptionpicks up.

Last year, Indonesia set a target of increasing investment for 2014 by 15 percent.

"With the improving global economy this year, I am optimistic that ourinvestment and trade would continuously grow," Hatta said on thesidelines of the JI expo in Kemayoran.

Theminister believes that the upbeat data on the investment and trade willhelp create more jobs as the economy grows faster.

Indonesia is estimated to chalk up 32.8 billion USD in directforeign investment this year, the investment coordinating board BKPM hassaid.

The Trade Ministry also forecast the country’s exports will grow by 4.1 percent to 190 billion USD in 2014.

Indonesia is the world's biggest exporter of nickel ore, thermalcoal and refined tin. It is also one of the top providers of palm oil.-VNA
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