Home News Domestic toy industry generates investments worth Rp135 billion

Domestic toy industry generates investments worth Rp135 billion

VOI NEWS 5.12.2017  10:00 Local Time GMT+7

Minister of Industry, Airlangga Hartanto said at the Mattel Indonesia factory area in Cikarang, West Java on Monday that Indonesia’s domestic toy industry has generated investments amounting to Rp135 billion or $10 million dollars. He also remarked that the investment itself has created a lot of jobs. Minister Airlangga added that the domestic investment climate has boosted investors’ confidence in the domestic toy industry. He referred to the success of Mattel Indonesia for contributing 60 percent of the company’s global production. Mattel Indonesia has also become the largest production center for Barbie dolls above China, Malaysia, Thailand, and Mexico. (Tempo)


BPS: Asian Games boosts Sumatra economy

The selection of Palembang, as a co-host of the 2018 Asian Games, along with Jakarta has pushed up the South Sumatra economy over the last few years. Despite a slump in global commodity prices, the economy of South Sumatra province, which has relied on rubber, palm oil, and coal exports for tens of years, has grown at a faster pace than the national average. According to the Central Statistics Agency -BPS, the South Sumatra economy grew 5.03 percent in 2016, slightly higher than the national economic growth of 5.02 percent. Just in the third quarter of 2017, the South Sumatra economy expanded 5.56 percent, exceeding the national average of 5.06 percent. This means that the province`s economic growth exceeds Bank Indonesia`s (BI) initial forecast of 5.1 to 5.5 percent. The main engine of the economic growth in the past couple of years is the fact that South Sumatra and Jakarta will host the 2018 Asian Games. (Tempo)

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