From Government of Indonesia

Shoemakers to Invest $31.8 M

Twenty-two shoe manufacturers plan to invest $31.8 million in Indonesia this year, an official said, according to Asia Pulse.

Twenty of the investors are foreign companies from China, South Korea and Taiwan, director of multifarious industries at the industry ministry Nugraha Sukmawijaya said.

The investors have been prompted by the improved macro-economic stability, the stronger value of the rupiah and declining interest rates, he said.
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