Tag: 一品逍遥游杭州

Indonesia seeks to attract firms departing China

first_img“I gave the task force three tasks, namely detecting firms planning to relocate, analyzing the ease [of doing business] offered by other countries and, importantly, making a decision in a negotiation,” Bahlil stated in a press release on June 19.The establishment of the task force was part of the government’s efforts to minimize the economic impact of COVID-19 on foreign direct investment, which fell 9.2 percent year-on-year (yoy) to Rp 98 trillion (US$6.9 billion) in the first quarter of 2020.The coronavirus outbreak, which was first detected in China, has strained Indonesia’s foreign direct investment as projects have been delayed as a result of social restrictions to contain the spread of the virus. The pandemic has also disrupted global supply chains and has made some companies question their heavy reliance on China.Bahlil, who formerly led the Association of Young Indonesian Entrepreneurs (HIPMI), declined to provide details of the businesses planning to relocate to the country, saying that he was “waiting for the President himself to announce them”.BKPM data shows that Japanese firms invested $604 million in the first three months of this year, making it the fourth-largest country of origin for foreign direct investment in the period. South Korean firms were the eighth largest, investing $130.4 million, followed by the United States with $114.1 million.Topics : The government has established a special task force to attract businesses leaving China and facilitate their relocation to Indonesia.American, Japanese and South Korean companies are reportedly in discussions with the Investment Coordinating Board (BKPM) over their potential relocation to the Batang and Brebes industrial districts in Central Java, which are currently under development.According to BKPM head Bahlil Lahadalia, the agency has completed 60 percent of the relocation process for some firms.last_img read more

Read more…

Jamaica’s Minister of Labour & Social Security Shahine Robinson Has Died

first_imgJust last year October, Robinson’s younger brother Peter Fakhourie, a former JLP candidate, died after battling an undisclosed illness. Robinson, who was also the member of parliament for North-East St. Ann, died at her home in St. Ann today. Jamaica’s Minister of Labour and Social Security, Shahine Robinson has died at 66 years old. Robinson was previously a naturalised citizen of the United States before obtaining a Certificate of Loss of Nationality in December 2010. She is a graduate of the Miami Dade College, with an associate degree in Marketing and a diploma in Public Relations. Reports are that she had been “fighting” after falling gravely ill days ago amid a long battle with cancer. She was diagnosed with the disease in 2018.last_img read more

Read more…