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Jakarta Post

Industrial growth may slow down

  • Mustaqim Adamrah

    The Jakarta Post

Jakarta   /   Thu, November 26 2009   /  10:06 am

The combined growth of the food, beverage and tobacco industries is expected to slow next year as a result of sluggish investment this year, the industry ministry said.In a report presented to the House of Representatives Commission VI overseeing trade and investment on Wednesday, the ministry said the combined sales of the food, beverage and tobacco industries grew by 13.3 percent year-on-year in the third quarter on the back of strong domestic consumption. Growth is expected to decelerate, however, to 6.6 percent next year due to lower level of investment
this year.The Indonesian Food and Beverage Association (Gappmi) confirmed the ministry’s estimates of limited investment this year.“Nestle and Garudafood realized their investment, but that was only for expansion (and was not much),” head of regulation division Franky Sibarani said on two of Indonesia’s biggest food and be...