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Indonesia to launch policy package this week to lure investment

Xinhua, September 7, 2015 Adjust font size:

The Indonesian government will unveil a policy package on Wednesday designed to lure foreign investment, senior minister said on Monday.

Economic chief Minister Darmin Nasution said that the package would include the efforts to build industry, attract foreign investment and development of economy in special economic zone.

"Tomorrow (Tuesday), we will deliver it to the president. On Wednesday, it is likely to be announced," he said at the parliament building.

"The big theme is how to build industry and lure investment," Mr. Nasution said.

The government has been struggling to stabilize rupiah which hit a fresh 17-year low of 14,234 against the U.S. dollar on Monday.

The Indonesian central bank scaled down earlier this week its GDP growth forecast to 4.7 to 5.1 percent this year from the initial estimate of 5 to 5.5 percent.

The biggest economy in Southeast Asia grew at the lowest pace in six years to 4.71 and 4.67 percents for the first and second quarters this year, respectively. Endi