Thursday, 24 July 2008

Minister of Industry: this year industrial growth target only 5%

Minister of Industry, Fahmi Idris corrected the industrial growth target to 5 - 5.5% from 6%. This is the second correction of industrial growth target for this year, after in April the ministry has corrected the target from 7.4% to 6%. Fahmi Idris said that the global recession and the increasing of world fuel price has increased the production cost of manufacturing sectors. (Bisnis Indonesia, Tue May 13, p. T1)

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