[Anonymous]

http://news.ph.msn.com/regional/article.aspx?cp-documentid=3969767
EPSON RELOCATING FACTORY FROM CHINA TO
INDONESIA
Indonesia’s industry minister
said Thursday that Japanese electronics maker Epson plans to relocate a
factory from China to Indonesia this year, according to a report.”This
year Epson will relocate its factory to Jakarta and double its
investment,” M.S. Hidayat was quoted as saying by Antara state news
agency.”Their reason was that labour costs in China are already
expensive. They have made a commitment and I told them that I would
facilitate them because this could generate up to 1,500 jobs,” he
said.Hidayat, who gave no further details about Epson’s plans, added
that several other Japanese companies such as Toyota, Hitachi and
Panasonic aimed to expand their business in Indonesia.

Indonesia,
Southeast Asia’s largest economy, is trying to attract foreign direct
investment to help it achieve growth targets of 5.5 percent this year.
The country posted 4.5 percent growth last year.But investors say they
are put off by overlapping regulations, legal uncertainty, creaking
infrastructure and widespread corruption.

The annual corruption
poll by the Political and Economic Risk Consultancy this month judged
Indonesia to be the most corrupt country in a table of regional
economies, with a score of 9.27 out of the worst possible 10.Indonesia
also came last in 2009 but with a marginally better score of 8.32.

[Author]

March 29, 2010 at 11:16 AM