Wed, 09 Feb 2011
At least 22 shoe companies from South Korea, China and Vietnam have planned to relocate factories to Java, a senior government official says.

Industry Ministry secretary-general Ansari Bukhari said the shoemakers were eyeing Sidoarjo in East Java, Tangerang in Banten, Purwakarta, and Sukabumi in West Java as potential new sites for their factories.

Each relocation would bring in between Rp 50 billion (US$5.5 million) and Rp 60 billion in investment and produce 600,000 shoes a month, Ansari said.

“A total of 100,000 jobs will also be created,” he said.



News Search/Filter
Transaction Rates
19 Nov 17
Buy
Sell
BTC1
104,942,149
104,942,149
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services