Special economic zones (SEZs) in Indonesia have attracted a combined investment of 60 trillion rupiah (4 billion USD) following the approval of the Omnibus Act on job creation, an official from the Coordinating Ministry for Economic Affairs has said.
Cambodian bicycle manufacturers earned 514 million USD from exports in January-October, the Khmer Times quoted the Cambodian Ministry of Commerce as saying on December 27.
Nineteen operating Special Economic Zones (SEZ) in Indonesia have attracted a combined investment of 64.4 trillion rupiah (4.53 billion USD) and provided jobs for 23,000 workers, according to Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.
Indonesian President Joko Widodo officially granted special economic zone (SEZ) status to a technological park and an aircraft maintenance facility in Batam city, Riau Islands province, to jump-start local economic recovery amid the COVID-19 pandemic.
The Indonesian National Council for Special Economic Zones has approved two new special economic zones (SEZs), namely the Lido in West Java and the Java Integrated Industrial Ports and Estate (JIIPE) in East Java.
Indonesian President Joko Widodo has recently issued a government’s decree on special economic zones (SEZs) in order to draw over 50 billion USD into them in the next decade.
While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.
The Indonesian Government is looking for an investment of nearly 89.6 trillion IDR (6.4 billion USD) in three newly-established special economic zones (SEZs) of Singhasari in East Java, Kendal in Central Java, and Likupang in North Sulawesi.
The Indonesian Coordinating Economy Ministry said on December 23 that the country will build two special economic zones on Batam island, Riau province, next year while it awaits revisions to the free trade and port zone regulation (KPBPB).
The Indonesian government is ready to offer projects in the maritime sector worth 91.1 billion USD next year in order to support President Joko Widodo’s administration’s plan to make Indonesia a global maritime axis.
The Coordinating Ministry for Economic Affairs (CMEA) of Indonesia said on October 11 that the country aims to complete construction of 17 special economic zones (SEZ) in 2019.
Indonesian President Joko Widodo on April 1 inaugurated three special economic zones (SEZs) covering 2,200 ha of land in the provinces of East Kalimantan, North Sulawesi, and North Maluku in a bid to attract investment and spur economic growth in less-developed areas of the country.
The National Assembly will not review the draft law on special administrative economic units at the sixth National Assembly session in October to have more time for consolidating the bill.
President of the Vietnam General Confederation of Labour Bui Van Cuong has called on all trade union members and workers to stay calm and vigilant over manipulation of extremists and not to let others take advantages of their patriotism.
The National Assembly has approved a proposal of the NA Standing Committee on postponing the debate and adoption of the draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc.
The Government and the National Assembly Standing Committee have agreed to ask the legislature to delay the adoption of the draft Law on special administrative-economic units to have more time for research and completion.
Ensuring defence security is the number one principle when designing the draft law on special administrative-economic units, affirmed Minister of Planning and Investment Nguyen Chi Dung.
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