Tag: 爱上海 419

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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All square atop the Big 5 standings

first_imgThe performance was far from perfect, but the result was everything Del Norte could have hoped for, as the Warriors defeated the Tigers 7-2 in Big 5 softball action at Arcata High Tuesday afternoon.The win lifts the Del Norte girls into a tie with McKinleyville atop the Big 5 standings, with each team off to a perfect 3-0 start early in the campaign.The visitors broke open a tight game with four runs in the top of the third and took advantage of too many Arcata errors and some solid pitching …last_img read more

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Kushwaha ends fast unto death in Bihar

first_imgThe Rashtriya Lok Samata Party president and former Union Minister Upendra Kushwaha ended his fast unto death in support of his demand for free land to open two Central schools in the State after five days on Saturday. “I ended my fast.. but my protest will continue,” Mr. Kushwaha said soon after mahagathbandhan leaders reached him at the Patna Medical College and Hospital and offered him juice to end his fast. Senior mahagathbandhan leaders like Sharad Yadav, Jitan Ram Manjhi, Tejashwi Yadav and Mukesh Sahni said they would take forward the protest against the State government. Mr. Kushwaha had begun his fast on November 26 demanding five acres to open the two Kendriya Vidyalayas (KV) sanctioned for Bihar by the Central government.However, Chief Minister Nitish Kumar had said that the State government could not provide the land for free.last_img read more

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