Thursday, April 15, 2010

Invest in Indonesia now or miss the boat, says Trade Minister

Indonesian Trade Minister Mari Elka Pangestu has put foreign investors on notice: if you want a share in Indonesia's growth, best do it soon.

The country's solid economic performance lately has put it back on the global investment radar. International ratings agencies have raised Indonesia's sovereign credit ratings and global funds are buying into local financial assets, raising the value of the local currency to its highest point in 33 months and the main stock index to record levels.

Mari said the Indonesian government was also working to create a better investment environment, particularly with its logistics blueprint to ungrade local port and ground transport infrastructure.

Chinese Premier Wen Jiabao will also visit in late April, bringing hopes of more investment attention from the world's fastest growing economy.

source & article: The Jakarta Globe

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