Indonesia and World Tourism News

Indonesia’s January-October actual FDI, domestic investment up 113 percent

JAKARTA (Thomson Financial) - Actual domestic and foreign direct investments (FDI) in Indonesia during the first 10 months of the year rose 113 percent from a year ago to 114.70 trillion rupiah, an official said Tuesday.
The figure exceeded the previous record of 111.44 trillion rupiah set in January-October 2005, chairman of the National Investment Coordinating Board (BKPM) Muhammad Lutfi told Thomson Financial.

Actual FDI in the first 10 months more than doubled to 81.72 trillion rupiah equivalent against 40.32 trillion rupiah a year ago, he said.

Meanwhile, actual domestic investment rose 144 percent to 32.98 trillion rupiah.

The approved FDI proposals in first 10 months increased 177 percent to 330.75 trillion rupiah equivalent, while the approved domestic investment grew 22 percent to 175.56 trillion rupiah, Lutfi said.

Source: http://www.forbes.com/

Add comment November 13th, 2007

Tangerang mall catches jazz fever

TANGERANG: Supermal Karawaci in Tangerang is supporting the annual JakJazz music festival by presenting live musical performances at its Coco Walk every Friday and Saturday in November.

Performances will be given by Star Band and a group from Pelita Harapan University.

The management will also organize an event called JazzFever at the food court on Wednesdays, with a performance by Rika Roeslan and the Troubadours starting at 7 p.m., it said in a press release made available to The Jakarta Post on Saturday.

JakJazz will be held in Jakarta from Nov. 23 to 25.

“The musicians to play at our string of JakJazz Fever events will also perform at JakJazz.

“With local bands also playing in the events, we expect better relationships with the surrounding community,” said the mall’s marketing and communication manager, Jannywati. — JP

Source: The Jakarta Post

Add comment November 13th, 2007