The list is impressive, growing and varied — Korea’s Samsung Electronics, Taiwan’s Foxconn, a major supplier for Apple, Mitsubishi of Japan, Philippine fast-food chain Jollibee Foods and Thai green tea maker Ichitan Group. These are just some of the companies that have announced plans to invest in Indonesia or are considering setting up new production facilities here.
The attractions are clear — lower labour costs, political stability and a large domestic market where consumer spending power is growing. It seems that they are not alone. Net foreign direct and portfolio investment into Indonesia totalled US$23.2 billion last year, according to official balance of payments (BOP) data.