17 Jan '11, 5am

Singapore eyes more investment in Indonesia

SINGAPORE: The Government of Singapore Investment Corp (GIC) wants to step up its investment in fast-growing Indonesia, particularly in infrastructure, a top executive said in remarks published Monday. The state investment agency will work with its Indonesian partners to study the various infrastructure projects available, executive director and deputy chairman Tony Tan told the Straits Times newspaper. "We would be interested in it because GIC has quite a lot of experience in investing in infrastructure (although) so far mainly in developed countries," Tan was quoted as saying. "I think not only GIC but also, other companies would be very interested given Indonesia's good fundamentals and obvious need for infrastructure investment." Tan did not refer to any particular projects but the newspaper report said potential areas of investment ranged from a cruise terminal in the...

Full article: http://www.channelnewsasia.com/stories/afp_singapore_busi...

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