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Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST

The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of the global economic slowdown, a minister has said.

"We set a target of US$26 billion for this year, but this target may not be achieved due to the crisis," Energy and Mineral Resources Minister Purnomo Yusgiantoro said during a business meeting in Jakarta on Monday.

However, Purnomo said he was optimistic that investment in the sector this year could still be higher than US$20 billion.

Invesment in the energy and mining sector reached US$18.63 billion last year, up from US$15.75 billion in 2007.
Source: http://www.thejakartapost.com/news/2009/04/20/govt-likely-miss-investment-targets-energy-mining.html



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