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Unmet promises, foreign workers: Chinese firms in Indonesia face bumps in the Belt and Road-561468

Unmet promises, foreign workers: Chinese firms in Indonesia face bumps in the Belt and Road-561468
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Indonesia Battery Corporation and LG to construct RM4.96 billion battery plant in Bekasi, West Java

The Indonesia Battery Corporation (IBC) and an LG Group-led consortium will soon commence construction of a US$1.2 billion (RM4.96 billion) manufacturing plant for electric vehicle batteries, reports Nikkei Asia. The manufacturing plant is to be […] ....

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Indonesia offers tailormade tax breaks, carbon offset to win investors

Stacks of containers are seen at the port in Tanjung Priok in Jakarta, on March 31, 2021. - AFP
JAKARTA, May 1 (Bloomberg): Indonesia is offering made-to-measure incentives and, potentially, carbon offsets as it competes for investment.
Earlier incentives were standardised in rules that were criticized as outdated, overlapping or even contradictory. With reforms now in full swing after the passage of an omnibus law late last year, the government can tailor benefits to companies looking to set up shop in Indonesia provided they make a very huge” outlay that will significantly develop local industry, said Nurul Ichwan, investment planning deputy at the Investment Coordinating Board. ....

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Indonesia Offers Tailormade Tax Breaks, Carbon Offset to Win Investors

Indonesia Offers Tailormade Tax Breaks, Carbon Offset to Win Investors
Apr 30 2021, 7:02 PM
April 30 2021, 4:30 AM
April 30 2021, 7:02 PM
(Bloomberg) Discover whatâs driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily.Â Sign up here
(Bloomberg)
Discover whatâs driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily.Â Sign up here
Indonesia is offering made-to-measure incentives and, potentially, carbon offsets as it competes for investment.
Earlier incentives were standardized in rules that were criticized as outdated, overlapping or even contradictory. With reforms now in full swing after the passage of an omnibus law late last year, the government can tailor benefits to companies looking to set up shop in Indonesia provided they make a âvery hugeâ outlay that will significantly develop ....

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Indonesia longs to see tourists back

Indonesia longs to see tourists back
By LEONARDUS JEGHO in Jakarta |
CHINA DAILY |
Updated: 2021-01-25 09:59
Tourists ride on boats modeled on a traditional style during a dolphin-watching excursion at sunrise off Bali s Lovina Beach in Indonesia on Oct 30, 2020. [SONNY TUMBELAKA/AGENCE FRANCE-PRESSE]
Country counts on return of inflow of Chinese that dried up due to virus
Amid rising relief and hope with vaccinations, countries such as Indonesia are now looking to China for their economic recovery, at least for a part of it in tourism.
Indonesia expects significant numbers of Chinese tourist arrivals from this year, although it may be too early to say that Southeast Asia s largest country will soon be ready enough for tourist arrivals in the coming months. ....

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