Infrastructure development progressing as investment jumps, BKPM says

first_img“The base metal, metal goods, non-machines and equipment industry is interesting,” the agency’s head, Bahlil Lahadalia, said as quoted in a statement on Tuesday. “One of the programs of the President Joko “Jokowi” Widodo administration is economic transformation by increasing added value. The large investment in the sector is a signal that the downstream sector is growing.”Investment is the second-largest contributor to Indonesia’s gross domestic product after household spending.BKPM data shows that foreign direct investment (FDI) realization in the first quarter of the year declined 9.2 percent yoy to Rp 98 trillion as the COVID-19 pandemic hit business activity around the globe, including Indonesia. The coronavirus has had a massive impact on Indonesia’s main FDI sources, such as China, Japan, Malaysia and Singapore.Domestic investment was the primary driver of investment realization in first quarter with a yoy increase of 29.3 percent to Rp 112.7 trillion.Previously, Bahlil said the agency was looking to pull in Rp 886.1 trillion of investment this year. However, with the global economy taking a downturn due to the pandemic, he later said an option to lower this year’s target was on the table.Topics : Projects in the warehouse, transportation and telecommunications sector have contributed the most to total realized investment this year at around 23.4 percent as of the first quarter, indicating that the government’s infrastructure development plan has shown progress, according to the Investment Coordinating Board (BKPM).The sector had been one of the top five sectors for realized investment since 2016, the agency said, adding that its investment realization jumped 32 percent year-on-year (yoy) to Rp 49.3 trillion (US$3.1 billion) from January to March. The BKPM reported that total investment realization in the first quarter of the year rose 8 percent yoy to Rp 210.7 trillion.The base metal, metal goods, non-machines and equipment sector booked the second-highest investment realization at Rp 24.5 trillion – 11.6 percent of the total realization figure – followed by the electricity, gas and water sector with Rp 18 trillion, housing, industrial districts and office space with Rp 17.8 trillion and crops, plantations and animal husbandry with Rp 17.2 trillion.last_img read more

La Liga: Barcelona suffer title blow in 0-0 Sevilla draw

first_imgBarcelona’s La Liga title defence has suffered a dent as Quique Setien’s side were held to a 0-0 draw away at rivals Sevilla on Friday night.Advertisement Loading… Julen Lopetegui’s hosts took up the initiative after the break, with Marc Ter Stegen making two quick fires saves from Lucas Ocampos on the hour mark.Messi tested Tomas Vaclik with another set piece in the final ten minutes, with Ocampos again frustrated again by German international Ter Stegen. Read Also: Rashford takes knee with Man Utd and Tottenham starsReal Madrid loanee Sergio Regulion should have won it for the home side in added time, but his scuffed close range effort was scooped up by Ter Stegen.FacebookTwitterWhatsAppEmail分享 La Blaugrana now have a three point lead over rivals Real Madrid, but Zinedine Zidane’s side will overtake the Catalan giants with a win at Real Sociedad.Neither side created any clear cut chances in the first 45 minutes at the Estadio Ramon Sanchez Pizjuan, with a pair of Lionel Messi free kicks the closest either side came to breaking the deadlock.last_img read more

GFA confirms kick-off dates for various leagues

first_img Source: Ghana FA The Ghana Football Association (GFA) has confirmed dates for the commencement of competitions ahead of the upcoming football season.The Association’s flagship competition, the Ghana Premier League is set to commence from the weekend of 27-29 December, 2019.  The Division One League is scheduled to kick off 10-12 January, 2020 with the Women’s Premier League set to begin the following week. Regional League competitions (2nd, 3rd, Colts etc) for the various RFAs  will begin on the weekend of 29th February, 2020 to  1st & 2nd March, 2020.Below are the confirmed kick off dates for the respective league competitions:Ghana Premier League – weekend of 27/28/29 December, 2019Division One League  – weekend of 10/11/12 January, 2020Women’s Premier League – 17/18/19 January, 2020RFA’s Leagues (2nd, 3rd, Colts etc) – weekend of 29th February, 1 & 2 March, 2020last_img read more