Tag: 上海夜网HX

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

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AgiproNews’ Italian View – New government faces same old industry dilemmas

first_img Related Articles Share TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 CT Gaming bolsters Italian profile with The Betting Coach  August 27, 2020 Submit StumbleUpon Italian bookmakers face cruel summer as ADM sanctions shop closures July 27, 2020 Share Whatever form the next Italian government takes following this March’s ground-breaking general election results, Italy’s new political taskmasters’ will have to revamp the country’s existing gambling framework.A coalition government, led by the legislative novices of the 5-Star Movement has a daunting task in creating a more cohesive industry framework, in-line with business provisions set out by Italy’s new ‘Stability Law of 2017’.In 2018, Italian betting stakeholders point to three critical industry concerns which must be addressed by the new government.First up, the government will have to adjudicate new proposals to add a further 10,000 new betting points within Italy’s autonomous regions.Set to be delivered this September, the betting industry has met resistance from multiple state regulators, who have implemented laws restricting the operating of betting points near ‘sensitive places’ such as churches, schools and hospitals.Further concerns are raised about whether a new government will move to approve new betting industry provisions, currently being revised by Italy’s Ministry of the Economy.Betting stakeholders seek a strengthening of the national betting code in relation to Asian Handicap offers, operator Cash-Out functionalities and setting fixed policy and clear practices on ‘market disputes’ relating to bookmakers and their customers.From a long-term industry standpoint, the new government will be tested on whether it can finally align Italy’s complex governing framework between the state and autonomous regions, which has affected previous governments presiding the betting sector.Revamping Italy’s gambling agenda, set in a previous agreement the industry had settled on reducing its overall slot machines portfolio by 35% from 400,000 to about 265,000, with licensed operators significantly reducing machine inventory in bars and tobacconists.Nevertheless, set against the constant battle of federal laws versus regional rights, Italy’s new political actors face numerous obstacles in delivering business/commercial alignment… Italian gambling stakeholders will have to wait and see whether 2018 will truly be a year of change!last_img read more

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