Posted on 15 Jul 2008
Head of the Investment Coordinating Board (BKPM) M Lutfi
said realization of foreign investment in the January-June period this year
increased 160 percent to US$6.56 billion.
"The realization of foreign investment increased more
than 160 percent while that of domestic investment contracted by 60 percent.
But as a whole the realized investment growth in that period reached over 80
percent. This is a sign that foreign investors still have confidence in us,"
he said here on Monday.
He said that domestic investment contracted in the last six
months due to the fact that investment credits had not yet grown well.
Lutfi said that in total the realization of investment in
the first half of the year was recorded at 80.9 percent compared with the
corresponding period a year earlier.
Foreign investment, which was realized in the first half of
2007 increased 16.8 percent compared the same period in the previous year which
stood at US$4.1 billion.
Meanwhile, the realization of domestic investment in the
same period of 2007 stood at Rp28.37 trillion.
With regard to the beginning of the 2009 general election
campaigns, Lutfi said that it would not affect investment too much.
