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Southeast Asian economy gets lift from US-China tensions

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Indonesia said realised foreign direct investment (FDI) jumped 13 per cent during the first three months to March to $7.7 billion from a year earlier. AFP
Southeast Asian economy gets lift from US-China tensions
Mon, 3 May 2021
When the US Department of Commerce signalled in late 2019 that it was levelling anti-dumping duties on Chinese-made bed frames, nightstands and other bedroom furniture, one Indonesian furniture maker saw an opening.
Integra Group of Sidoarjo, East Java, doubled down on expansion plans, bringing to nearly 500 billion rupiah ($34.6 million) the amount it was spending over two years on equipment like wood veneer laser cutters, saws and computer-controlled routers that can etch patterns into a wooden panel within minutes. ....

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South-east Asian economy gets lift from US-China tensions

JAKARTA - When the United States Commerce Department signalled in late 2019 it was levelling anti-dumping duties on Chinese-made bed frames, nightstands and other bedroom furniture, one Indonesian furniture maker saw an opening.
Integra Group of Sidoarjo, East Java, doubled down on expansion plans, bringing to nearly 500 billion rupiah (S$46 million) the amount it was spending over two years on equipment like wood veneer laser cutters, saws and computer-controlled routers that can etch patterns into a wooden panel within minutes.
Now, with Chinese-made furniture facing US countervailing duties of up to 200 per cent, Integra s orders have ballooned.
During the first two months of the year, new and existing customers, including Swedish home furnishing giant Ikea and US retailers such as Target and Costco, have peppered the company with 1.8 trillion rupiah in orders, eager to avoid steep mark-ups in the showroom. ....

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