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[News] Investment In Indonesia's Manufacture Industry Is High
Posted at: 11 February 2019

Investment in the manufacture industry in 2018 reached Rp222.3 trillion. The largest domestic investment was recorded by the food industry at Rp39.1 trillion, followed by the chemical and pharmaceutical industry at Rp13.3 trillion.

The largest foreign investment went to the basic metal, metal and non-machinery industry at $2.2 billion, followed by the chemical and pharmaceutical industry ($1.9 billion), and the food industry ($1.3 billion).

Industry Minister Airlangga Hartarto as reported by Antara News, shared his optimism over increasing investments in the manufacturing industry in 2019, as some international industries have expressed their commitment to invest in the country.

Meanwhile, Indonesia`s International Investment Position (IIP) was relatively stable in the third quarter of 2018. Indonesia`s IIP at the end of the third quarter of 2018 recorded a net liability of $297.0 billion, or 28.5 percent of the gross domestic product, relatively unchanged from that at the end of the previous quarter, according to a statement from BI here recently.

Investors` confidence has shown that Indonesia is still considered a potential country for manufacturing and production for both the domestic and export markets. The largest foreign investment went to the basic metal, metal and non-machinery industry at $2.2 billion, followed by the chemical and pharmaceutical industry ($1.9 billion), and the food industry ($1.3 billion).

(source: Antara/The Strait Times)