Investment Signals Optimism In Indonesia

Increased investment in Indonesia's multi-purpose vehicle (MPV) segment supports BMI's view that the country will be one of Asia's better performers in 2009. On the back of Honda Motor's announcement that it will produce an MPV in the region for the Association of South East Asian Nations (ASEAN), Germany's Mercedes-Benz has said that it plans to target its premium MPV market. Although details of timeframe and investment are still unclear, the models will be produced at the company's existing plant in Bogor, West Java, and IDR200bn (US$17mn) will be invested in refurbishment. The plant has an annual production rate of

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