$75b investments to flow into Indonesia

The new L’Oréal factory in Jababeka will serve as the production hub for the ASEAN region.

Indonesia has commitments for $75 billion in foreign direct investments over the coming years, Chatib Basri, Chairman of Indonesia’s Investment Coordinating Board, said on November 7 at the opening ceremony of the new L’Oreal cosmetics factory in western Java.

The $75 billion include the $10 billion plant pledged to be built by Apple supplier Foxconn Technology Group. L’Oreal invested $130 million into its new factory which is its largest worldwide as it eyes growing middle class wealth in the world’s fourth most populous nation. The factory will also serve as a production hub for ASEAN, L’Oreal said.

Indonesia saw foreign direct investment grow 22 per cent to a record $5.90 billion in the third quarter, to take it to $17.43 billion so far this year. The strong investment has helped make up for declining exports to keep economic growth above 6 per cent in 2012.

Latest large industrial investment in Indonesia include Toyota, POSCO and Caterpillar.

Earlier this year, ratings agencies Moody’s and Fitch raised Indonesia’s credit rating to investment grade status, while a 2011 BBC survey named Indonesia as the best place in the world to start a business. With over 117 million workers, Indonesia has the fifth largest work force in the world.



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[caption id="attachment_5177" align="alignleft" width="300"] The new L'Oréal factory in Jababeka will serve as the production hub for the ASEAN region.[/caption] Indonesia has commitments for $75 billion in foreign direct investments over the coming years, Chatib Basri, Chairman of Indonesia's Investment Coordinating Board, said on November 7 at the opening ceremony of the new L'Oreal cosmetics factory in western Java. The $75 billion include the $10 billion plant pledged to be built by Apple supplier Foxconn Technology Group. L'Oreal invested $130 million into its new factory which is its largest worldwide as it eyes growing middle class wealth in the world's...

The new L’Oréal factory in Jababeka will serve as the production hub for the ASEAN region.

Indonesia has commitments for $75 billion in foreign direct investments over the coming years, Chatib Basri, Chairman of Indonesia’s Investment Coordinating Board, said on November 7 at the opening ceremony of the new L’Oreal cosmetics factory in western Java.

The $75 billion include the $10 billion plant pledged to be built by Apple supplier Foxconn Technology Group. L’Oreal invested $130 million into its new factory which is its largest worldwide as it eyes growing middle class wealth in the world’s fourth most populous nation. The factory will also serve as a production hub for ASEAN, L’Oreal said.

Indonesia saw foreign direct investment grow 22 per cent to a record $5.90 billion in the third quarter, to take it to $17.43 billion so far this year. The strong investment has helped make up for declining exports to keep economic growth above 6 per cent in 2012.

Latest large industrial investment in Indonesia include Toyota, POSCO and Caterpillar.

Earlier this year, ratings agencies Moody’s and Fitch raised Indonesia’s credit rating to investment grade status, while a 2011 BBC survey named Indonesia as the best place in the world to start a business. With over 117 million workers, Indonesia has the fifth largest work force in the world.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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