Indonesia targets investment boost

Indonesian President Susilo Bambang Yudhoyono promised Thursday to boost investment by removing red tape blamed for slowing growth in Southeast Asia's biggest economy.
He said investment would rise to 2,100 trillion rupiah (216 billion dollars) over his last five years in office, or about 30 percent of gross domestic product, compared to 27.7 percent currently.
Such a level of investment would be needed to achieve the government's target of seven percent economic growth by 2014.