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Investment 2009, Indicated Brighter Prospects

investment.jpgAlthough lower than figures for last year, total investment in the first semester 2009 reaches US$ 7,3 billion and it was indicated brighter prospects.

The Investment Coordination Board (BKM) Chairman, Muhammad Lutfi said that the figure for inward investment was 27 percent up from that of the second semester last year, but  still 35 percent down compared to the same period in 2008.

Currently, the new government policy and regulations simplifying the bureaucracy regarding investment licenses for local and foreign businesses,  in a bid to attract more investors into the country.

These new policies would require further steps to implement transfers of  authority from local government administrations to BKPM.

While, the contribution of actual domestic investment was 26.8 percent of the total investment secured in the first semester of  2009, increasing 8 percent  compared to the same semester last year.   

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