{
    "success": true,
    "data": {
        "id": 1235390,
        "msgid": "foreign-direct-investment-drops-15-percent-1447893297",
        "date": "2002-12-26 00:00:00",
        "title": "Foreign direct investment drops 15 percent",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Foreign direct investment drops 15 percent Dow Jones, Jakarta Foreign direct investment (FDI) approvals in Indonesia dropped nearly 15 percent to US$7.16 billion in the first 11 months of 2002 from $8.42 billion in the year-ago period, the Investment Coordinating Board (BKPM) said. It didn't give any reason for the drop. But, analysts blamed it on the lingering social unrest, labor disputes, a weak legal system, and the Oct. 12 Bali bombing, which killed around 190 mostly western holiday makers.",
        "content": "<p>Foreign direct investment drops 15 percent<\/p>\n<p>Dow Jones, Jakarta<\/p>\n<p>Foreign direct investment (FDI) approvals in Indonesia dropped<br>\nnearly 15 percent to US$7.16 billion in the first 11 months of<br>\n2002 from $8.42 billion in the year-ago period, the Investment<br>\nCoordinating Board (BKPM) said.<\/p>\n<p>It didn't give any reason for the drop. But, analysts blamed<br>\nit on the lingering social unrest, labor disputes, a weak legal<br>\nsystem, and the Oct. 12 Bali bombing, which killed around 190<br>\nmostly western holiday makers.<\/p>\n<p>BKPM said that $1.75 billion of the total FDI amount approved<br>\nin the 11 months of the year is for expansion of existing plants<br>\nin Indonesia.<\/p>\n<p>It remains unclear if those foreign investors who have already<br>\nobtained approvals will actually go ahead with their plans.<\/p>\n<p>The board said the drop in the value of domestic investments<br>\nwas even steeper, falling 62 percent to Rp 21.47 trillion ($2.41<br>\nbillion) during the same period from Rp 55.93 trillion a year<br>\nago.<\/p>\n<p>The world's fourth most populous country badly needs new<br>\ninvestment to achieve above 4 percent annual economic growth in<br>\norder to reduce huge unemployment in the country.<\/p>\n<p>So far, growth has been mainly driven by domestic consumption<br>\nas both investment and export performances have been waning due<br>\nto uncertainties both at home and overseas.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/foreign-direct-investment-drops-15-percent-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}