{
    "success": true,
    "data": {
        "id": 1287099,
        "msgid": "foreign-investments-in-yogyakarta-plunge-1447893297",
        "date": "2000-12-19 00:00:00",
        "title": "Foreign investments in Yogyakarta plunge",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Foreign investments in Yogyakarta plunge YOGYAKARTA (JP): Foreign investment projects approved by the provincial administration of Yogyakarta during the period between April to Dec, this year fell to Rp 45 billion from a high of Rp 150 billion during the April to March period. But the local investment office (BKPMD) said that with regard to the projects, the foreign investments reached 25, exceeding the provincial administration's target.",
        "content": "<p>Foreign investments in Yogyakarta plunge<\/p>\n<p>YOGYAKARTA (JP): Foreign investment projects approved by the<br>\nprovincial administration of Yogyakarta during the period between<br>\nApril to Dec, this year fell to Rp 45 billion from a high of Rp<br>\n150 billion during the April to March period.<\/p>\n<p>But the local investment office (BKPMD) said that with regard<br>\nto the projects, the foreign investments reached 25, exceeding<br>\nthe provincial administration's target.<\/p>\n<p>\"We only anticipated 19 investment approvals for this year<br>\n(2000) due to the political uncertainty, but the fact shows that<br>\nwithin 9 months we have approved 25 investment proposals,\" Danu<br>\nPriyanto Kusumothe, the head of the investment office, told The<br>\nJakarta Post at his office.<\/p>\n<p>Priyanto said that all of the 25 investment proposals that<br>\nwere approved during the April-Dec period came from foreign<br>\ninvestors from the United States, England, Austria, Australia,<br>\nSouth Korea, and Japan.<\/p>\n<p>The government this year began using the calender year for its<br>\nbudget. Because the last fiscal budget ended in March, this<br>\nyear's fiscal year will last from April to December.<\/p>\n<p>According to the province's investment office, there have been<br>\n74 foreign investors operating businesses in Yogyakarta since<br>\n1967, with total investment of around US$ 132.4 million.<\/p>\n<p>Most of them invested their money in tourism and its<br>\nassociated business areas as the city is known for its richness<br>\nin tourist site particularly cultural heritage.<\/p>\n<p>The domestic and foreign levels of investment reached their<br>\npeak in 1997\/1998 fiscal year, totaling respectively Rp 204.8<br>\nbillion and $2 millions.<\/p>\n<p>The amount of local investment sharply declined in 1998\/1999<br>\nto only Rp 65.5 billion when social and political disorder in the<br>\ncountry sank to its lowest degree during the year.<\/p>\n<p>Priyanto said that most of the 25 foreign investments approved<br>\nduring the April to Dec period this year were for small and<br>\nmedium-scale companies mostly in handicraft production. (44)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/foreign-investments-in-yogyakarta-plunge-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}