Seven companies to relocate facilities to Indonesia, invest $850m

[AUz]

Indonesia is well placed to get maximum advantage of companies diversifying their base of operations in Asia.

Hopefully more and more companies invest in Indonesia and share their capital to help rapid industrialization of Indonesia Inshallah.

I somewhere saw a Western analysts describe Indonesia as "Indonesia could be what we thought India would be"

God speed!

 

[striver44]

To be fair, every country who hit 1 trillion US Dollar size all had complex economy system and data base, they can't depend on simple activities to reach such level even when they had 1 Billion population to boot. Most must have large scale industrial base to support such size

We reached $1T while being a less industrialized and having shitty infrastructure. Give it time and in the next decade we could hit at least $2.5T GDP (nominal)

 

[Arulmozhi Varman]

More than the post war btw Indonesians and
Chinese, expect Iron brothers to come in and explain to their Ummah brothers how Indonesia is nothing in front of China, how Chinese are superior and surrender to competition.

 

[Chakar The Great]

Oh no please, mod Will give you warning for personal attack, and lol. The judgement here is so fair for iron brotherhood. But to be fair here, except for loans and "technical expertise" for CPEC project, China public and private Investment in Pakistan their iron brother actually very small, compared to the supposed Chinese hater countries like Indonesia and Vietnam who received tonnes of Investment in manufacturing sector, IT, services, they are very minuscule.

Thats a very valid point. Probably because Pakistan lacks basic infrastructure in order to get industrialised. Cant think of any other reason.

More than the post war btw Indonesians and
Chinese, expect Iron brothers to come in and explain to their Ummah brothers how Indonesia is nothing in front of China, how Chinese are superior and surrender to competition.

Why does some one from a third world country like India involved in genocide of Muslims, ruled by a Hindu terrorist , where millions die every year of hunger and is home to world's largest slums , come on this thread to derail it?

 

[Arulmozhi Varman]

Thats a very valid point. Probably because Pakistan lacks basic infrastructure in order to get industrialised. Cant think of any other reason.




Why does some one from a third world country like India involved in genocide of Muslims, ruled by a Hindu terrorist , where millions die every year of hunger and is home to world's largest slums , come on this thread to derail it?

I didn't know Pakistan is a first world Saharan utopia where minorities live free, majority doesn't aren't afraid to go work and come back alive.
I have seen countless threads where your compatriots have attacked Indonesia just to be on the good books of the Chinese pdf members here. Give your advice there or look for old threads.

 

[striver44]

Here Daihatsu also has R&D center in Indonesia since 2011 and has roll out several cars that are design here (Ayla, Sigra, Ayla facelift 2017, etc)

don't forget this car, Innova which is built and designed here and have been an export success in Philippines, India.

Indonesia is well placed to get maximum advantage of companies diversifying their base of operations in Asia.

Hopefully more and more companies invest in Indonesia and share their capital to help rapid industrialization of Indonesia Inshallah.

I somewhere saw a Western analysts describe Indonesia as "Indonesia could be what we thought India would be"

God speed!

yes , we should do more trade, Pakistan and Indonesian market are quite similar in size. Currently Pakistan is in a trade deficit with us, but I'm sure once Pakistan find a way to industrialize itself more, we'll be able to balance the trade between the two.
Pakistan needs to industrialize itself in the civil domain, like smartphone, car, motorbike, tv and electronics. Currently I see Pakistan is so much into it's arms industry.

 

[Indos]

don't forget this car, Innova which is built and designed here and have been an export success in Philippines, India.

Yup Toyota Indonesia Motor doesnt have dedicated R&D office like PT Astra Daihatsu, but it has product planning and development division. There are about 2.600 component that are design and produced in Indonesia.

https://www.liputan6.com/otomotif/read/2937851/sejumlah-desain-toyota-karya-orang-indonesia-apa-saja

One of my cousins also working there.

 

[Indos]

Investment Realization in the First Quarter of 2020 Strengthen by 8,0% to Rp 210.7 Trillion

Publication / Press Release / April 2020

Indonesia Investment Coordinating Board (BKPM) announces the first quarter (January-March) of investment realization data in 2020 reached Rp 210.7 trillion or equivalent to 8.0% increase compared to the same period in 2019, Rp 195.1 trillion. This significant value was triggered by Domestic Direct Investment (DDI) which increased by 29.3%.

Chairman of BKPM, Bahlil Lahadalia stated that the realization of this first quarter contributed 23.8% to the 2020 target investment realization of Rp 886.1 Trillion. “This first quarter quite challenging due to covid-19 outbreak, but fortunately, it is still on track, even 8% higher than first quarter of last year” said Bahlil.

Compared to the same period of 2019, Domestic Direct Investment (DDI) of this quarter increased from Rp 87.2 trillion to be Rp 112.7 trillion. In the same time, Foreign Direct Investment (FDI) decreased by 9.2%; from Rp 107.9 trillion to be Rp 98.0 trillion. Furthermore, the total domestic labor absorption in this quarter reached 303,085. It means higher than first quarter 2019 of 235.401.

"Certainly, this is a good sign, where more labor absorbed this year. We have been asking commitment of companies not to have layoff within the Covid-19 pandemic. This is important to stabilize the Indonesia’s current economy," Bahlil said.

Bahlil also admit that the Covid-19 pandemic is challenging to the FDI investment realization in the first quarter of 2020. "BKPM hopes that foreign and domestic companies can survive in their operation, off course they are keep implementing the rules and regulations of the government. We keep continue to oversee investment projects and to facilitate debottlenecking, especially in this current conditions" Bahlil emphasized during the press conference at the BKPM office.

Investment Realization of First Quarter 2020

Within the first quarter of 2020, investment (DDI and FDI) realization in outside Java increased significantly by 19.3 %, reached Rp 102.4 trillion compared to the same period in 2019, reached Rp 85.8 trillion. At the same time, investment realization in Java slightly decreased from Rp. 109.3 trillion in 2019 to be Rp. 108.3 trillion in 2020.

BKPM also notes that investment realization (DDI & FDI) based on project locations (top 5) are : East Java (Rp. 31.4 trillion, 14.9%); West Java (Rp. 29.9 trillion, 14.2%); Special Territory of Jakarta (Rp. 20.1 trillion, 9.6%); Central Java (Rp. 19.3 trillion, 9.1%); and Riau (Rp. 12.8 trillion, 6.0%).

"Another good indication is the investment realization occurred in Eastern Indonesia, which grew by 19.3% compared to the first quarter of 2019. It was contributed by mining processing product sector, after the nickel ore export ban in the end 2019. We keep continue to promote investment realization of outside Java” said Bahlil.

Foreign and Domestic investment realization in this quarter was dominated by sector of Transportation, Warehouse, and Telecommunication (Rp 49.3 trillion, 23.4%); Basic Metal, Metal Based Goods, Non-Machinery and Equipment Industry (Rp 24.5 trillion, 11.6%); Electricity, Gas, and Water Supply (Rp 18.0 trillion, 8.6%); Housing, Industrial Estate, and Office Building (Rp 17.8 trillion, 8.4%); and Food Crops, Plantation, and Livestock (Rp 17.2 trillion, 8.2%) The top five leading countries whose largest FDI are : Singapore (US$ 2.7 billion, 40.0%); China (US$ 1.3 billion, 18.9%); Hong Kong (US$ 0.6 billion, 9.3%); Japan (US$ 0.6 billion, 8.9%) and Malaysia (US$ 0.5 billion, 7.1%).

Through the implementation of “Large Investment Project Execution” program, BKPM remains committed to oversee the investment projects, from getting permit until solving problems in the field, such as land acquisition. “Together with other Ministries/Institutions, we keep continue to facilitate obstacles faced by companies, especially in the midst of the Covid-19 pandemic. "This is not an easy thing to do, but we are optimistic this outbreak will end soon and the economy will rebound," Bahlil stressed.

https://www.bkpm.go.id/en/siaran-pers/readmore

 

[Lego Jangkar]

US yeah suuurree. Your job is PDF troll, dont kid yourself. How much ccp is paying you every month? Come to Indonesia during election year, we got jobs for you lots.

no more than $140 just like average chinese labours get every month