Indonesia's Ministry of Industry is optimistic that the country's manufacturing industry will grow 5.7 percent (year-on-year) in 2016, up from the estimated 5.3 percent growth pace this year. Indonesian Minister Saleh Husin said this optimism is based on higher domestic direct investment. Domestic investment realization in Indonesia's industry sector rose 7.45 percent (y/y) to IDR 20.1 trillion (approx. USD $1.5 billion) in the third quarter of 2015 from IDR 18.7 trillion in the same quarter last year. Foreign direct investment (FDI) into Indonesia's industry sector stood at USD $3.15 billion in Q3-2015.

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Indonesia Investments expresses its condolences on the passing of Indonesian economist Thee Kian Wie in the early morning of Saturday (08/02) at the age of 79. Thee Kian Wie was a highly respected economic historian with his major research interests in industrialization and foreign direct investment in East Asia. Through his numerous publications, he inspired various generations of Indonesian economists; some of whom have become political and economic leaders of present Indonesia.

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