Govt likely to miss investment targets for energy, mining
Alfian, The Jakarta Post, Jakarta | Mon, 04/20/2009 8:56 PM
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.
