BKPM clarifies

In connection with the report titled More foreign firms to relocate as published in The Jakarta Post on Aug. 27, many in business have reacted to it, particularly Japanese investors, because it involves foreign investments from Japan.

In this context, I would like to clarify that I made no mention of 100 firms planning to relocate, of which 40 percent were Japanese investments. I referred to about 40 foreign companies ceasing operations or relocating, including Japanese firms. This explanation is meant to avoid misinterpretation.

W. SITUMORANG Investment Coordinating Board (BKPM) Jakarta