(Insider Stories) - Investment in Indonesia rose 28 percent during the first nine month to 293.3 trillion rupian compare to last year 229.9 trillion rupiah. This target figured 75 percent of the BKPM’s full-year target of Rp 390.3 trillion. The agency held confidence that the trend would meet the target for 2013.

 

In nine months, foreign direct investment (FDI) grow 21.3 percent from 164.2 trillion rupiah to 199.2 trillion rupiah and domestic direct investment (DDI) climbed 43.2 percent to 94.1 trillion rupiah from 65.7 trillion rupiah. 

Mahendra Siregar, the new chief of the Indonesia Investment Coordinating Board, said that from the period of July to September, total investment reached 100.5 trillion rupiah ($8.9 billion) — a 23 percent year-on-year increase and the first time the figure had edged above Rp 100 trillion.  

 

FDI totalled 67 trillion rupiah, an 18.4 percent rise from a year earlier. In April-June, the amount increased 18.9 percent from a year earlier, in rupiah terms.

The investment board said the third-quarter increase was led by mining, transportation, base metal and chemical sectors. The biggest project has start their investment in q3 is tyre plant in South Kalimantan develop by four companies Cheng Shin Rubber Industry Co Ltd. , JK tyre, Apollo Tyres and Shandong Group with combined investment of about US$1.28 billion.

 

The others are cement project in Cilegon, West Java by PT Cemindo Gemilang with total investment 6 trillion rupiah and Alumina project in Pomalaa own by PT Aneka Tambang (ANTM.IJ).

 

Talk about 2014 target, Mahendra confidence that Indonesia's investment will grow around 15% or at least 450  trillion rupiah compare to 2013's target despite on economic turbulences.