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.