{
    "success": true,
    "data": {
        "id": 1061599,
        "msgid": "foreign-investment-declines-by-15-1447893297",
        "date": "1996-04-10 00:00:00",
        "title": "Foreign investment declines by 15 %",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Foreign investment declines by 15 % JAKARTA (JP): Government-approved foreign investment declined by 15 percent within the first two-and-a-half months of this year over the same period of 1995, while domestic investment rose by 86.5 percent. Data from the Investment Coordinating Board showed that foreign investment approved between Jan. 1 to March 15 this year reached US$8.5 billion, far lower than the $10 billion approved in the same period in 1995.",
        "content": "<p>Foreign investment declines by 15 %<\/p>\n<p>JAKARTA (JP): Government-approved foreign investment declined<br>\nby 15 percent within the first two-and-a-half months of this year<br>\nover the same period of 1995, while domestic investment rose by<br>\n86.5 percent.<\/p>\n<p>Data from the Investment Coordinating Board showed that<br>\nforeign investment approved between Jan. 1 to March 15 this year<br>\nreached US$8.5 billion, far lower than the $10 billion approved<br>\nin the same period in 1995.<\/p>\n<p>The data also indicated that domestic investment in the first<br>\nmonths of this year increased to Rp 25 trillion ($10.8 billion)<br>\nfrom Rp 13.4 trillion in the same period of 1995.<\/p>\n<p>In terms of projects, however, the number of foreign<br>\ninvestment projects increased by 72.6 percent to 271, from 157 in<br>\nthe same period in 1995.<\/p>\n<p>The number of domestic investment projects decreased by 1.4<br>\npercent from 213 to 210.<\/p>\n<p>The decline in foreign investment coupled with the increase in<br>\nprojects seems to indicate that foreign investors are becoming<br>\nmore interested in smaller ventures. Domestic investors, on the<br>\nother hand, seem to be committing to bigger projects.<\/p>\n<p>Approved investment projects normally need about two years for<br>\nrealization. The coordinating board has ruled that an investment<br>\nlicense will be revoked if construction has not begun three years<br>\nafter a project is approved, unless the investor applies for an<br>\nextension.<\/p>\n<p>The data showed that foreign investment is mainly committed to<br>\nthe paper industry (with a total investment of $2.8 billion), the<br>\nchemical industry ($1.6 billion) and housing and industrial<br>\nestates ($1.1 billion).<\/p>\n<p>Most domestic investment was in the chemical industry (Rp 4.7<br>\ntrillion), housing and industrial estates (Rp 4.3 trillion) and<br>\nthe paper industry (Rp 3.4 trillion). (kod)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/foreign-investment-declines-by-15-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}