BKPM clarifies

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