Good signal<\/p>\n
A number of foreign manufacturers have decided to relocate
\ntheir businesses to Indonesia. This is good news for the country,
\nwhich is thirsting for foreign capital to spur its economy.<\/p>\n
Matsushita Battery Industrial Co. Ltd., for example, has
\nreportedly decided to relocate its lithium and manganese coin
\nbattery production unit from Japan to Indonesia. The company also
\nreportedly intends to make Indonesia its production base for its
\nexport market.<\/p>\n
Matsushita's decision follows similar ones by Samsung and
\nSanex, which have reportedly decided to relocate their production
\nbases to Indonesia to produce cellular phone handsets.<\/p>\n
The presence of world-class manufacturers in Indonesia does
\nnot indicate a conducive investment climate in the country. Yet,
\nthese manufacturers' decisions were based on in-depth market
\nanalysis that indicates Indonesia still holds numerous business
\nprospects.<\/p>\n
These past few years, Indonesia has not been a favorite
\ndestination for foreign direct investment. This is evident in the
\ncountry's decreasing competitiveness, according to the World
\nCompetitiveness Report. Indonesia ranked 64th in 2001 in terms of
\ncompetitiveness, while its rating dropped to 67th in 2002 and
\n72nd in 2003.<\/p>\n
A lack of legal certainty, poor infrastructure, complicated
\nlabor issues, illegal fees and unstable political conditions are
\nall responsible for Indonesia's inability to attract foreign
\ninvestment.<\/p>\n
The government must concentrate on improving these
\nfundamental issues before inviting investors to the country.<\/p>\n
-- Bisnis Indonesia, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/good-signal-1447899208", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }