Thu, 19 Oct 2006
Indonesia's Jan-Sept FDI approvals $10.52 bln

Jakarta (ANTARA News) - Approved foreign direct investment (FDI) in the nine months to September declined in value to 10.52 bln usd from 10.66 bln in the same period last year.

The National Investment Coordinating Board (BKPM) said in a report that the decline was due to a drop in value of both new projects, as well as expansions.

It said the government approved 1,068 new projects worth 3.33 bln usd during the nine months compared to 1,096 worth 4.03 bln the year earlier.

The government also approved 315 expansion projects worth 3.05 bln usd, against 293 worth 4.97 bln previously.

Over the 9 months, domestic investment rose 182 pct in value to 107.93 trln rupiah from 38.26 trln in the corresponding period of last year driven by new projects approvals, the report was quoted by XFN-Asia as saying.

It said the government approved 139 new domestic investment projects worth 83.98 trln rupiah during the first nine months against 144 projects worth 26.72 trln previously.

The report also said that actual FDI during the first nine months fell to 4.29 bln usd for 702 projects from 7.64 bln for 706 projects a year ago.

Meanwhile actual domestic investment in the 9 months rose in value to 12.43 trln rupiah for 117 projects, from 11.97 trln for 163 projects the year earlier.

The realized projects employed 49,322 workforce, down sharply from 78,710 in the previous year. (*)



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