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Jakarta Post

Investment jumps 61% in January

  • The Jakarta Post

JAKARTA   /   Wed, February 25 2009   /  09:40 am

The global financial crisis has yet to derail flows of investment  into Indonesia, as foreign investment in January jumped by 61 percent from a year earlier.

Foreign direct investment (FDI) in the first month of the year reached US$710 million, far more than the $440 million recorded in the same period in 2007, as shown by data from the Investment Coordination Board (BKPM). “In the face of the global economic crisis, BKPM will continue to attract FDIs by continuing to reducing bureaucratic constraints, while modernizing and simplifying investment processes,” BKPM chairman Muhammad Lutfi told reporters on Tuesday, commenting on these encouraging figures. On the domestic front, the figure is equally encouraging. Actual domestic investment rose by 33.3 percent to Rp 0.76 trillion from a year earlier at Rp 0.57 trillion. In total, realized investment i...