Domestic investment in industrial sector up 88%

Domestic investment in the non-oil/non-gas industrial sector this year grew by around 88% to Rp24.8 trillion from Rp13.2 trillion a year earlier, an Industry Ministry official said. "Investment in the industrial sector rose more than 50% this year but it has not had a direct impact on industrial performance this year. The impact will be noticeable only in 2008 or 2009," the ministry's secretary general, Agus Tjahajana, said. The investment value was based on a report issued by the Capital Investment Coordination Board (BKPM) on August 31, 2007. The figure did not include investment in the oil and gas sector, banking industry, financial institutions, insurance industry, mining business, coal mining business and household investment and so on, he said. (http://www.antara.co.id/en/arc/2007/12/27/domestic-investment-in-industrial-sector-up-88-percent/)