Archive: 28 June 2016
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Tue, 28 Jun 2016, 00:00 WIB
BKPM Certain Brexit Will Increase British Investment in Indonesia
The UK’s exit from the European Union (Brexit) on Thursday last week has rattled the global financial market. As stocks plummeted, sterling fell to its lowest since 1985, at 1.33 per US dollar. However, Investment Coordinating Board (BKPM) Chief Franky Sibarani is optimistic that Brexit will not have a negative impact on UK investment in Indonesia because direct investments are generally long-term investments.