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PMDN and PMA approvals down in first semester of this year.

Approvals for domestic investment project by the government shrank year-on-year by 72% to Rp 11.11 trillion in value in the first half of this year the number of approved projects dropped by 39% to 80. Similarly a sharp fall was recorded for the foreign investment (PMA) PMA approvals dropped by 42% to US$ 2.52 billion in value and by 25% to 596 in the number of projects. PMA indicated interest more in the service sector in which investment proposals were valued at US$ 1.4 million or 55.39% of their total investment plans in the first half of this year.
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Title Annotation:government investments
Comment:PMDN and PMA approvals down in first semester of this year.(government investments)
Publication:Indonesian Commercial Newsletter
Article Type:Brief Article
Geographic Code:9INDO
Date:Aug 13, 2002
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