Indonesia has seen a sharp rise in foreign direct investment (FDI) to the tune of 14% in the first three months of 2021. FDI in the country now stands at 111.7 trillion rupees (7.72 billion dollars), or an increase of almost 5% over last year’s figures. In fact, Indonesia is one of the new emerging powers in Southeast Asia, along with PwC, to predict it will become the world’s fourth-largest economy in 2050, behind China, India and the United States. According to the World Bank, the country has experienced a GDP Rate of growth by 5% in 2019, with a domestic market of more 270 million people, 70 million of whom belong to the middle class.
But this is by no means the first time that foreign investors have noticed the Indonesian archipelago. the growth oriented The government of President Joko Widodos has pursued a policy of economic openness and deregulation since its election in 2014. The 2020 all the law made investing in the country even easier by setting out a list of encouraged investments. While China remains among the country’s top five investors, Indonesia has nonetheless managed to maintain what one political commentator has called dynamic balance of geopolitical power in his books.
Ellipse Projects and the national television network
As one of the world’s largest archipelagos – with two-thirds of its surface covered in water, 95,000 kilometers of coastline and over 17,000 different islands – digital expansion can be difficult. In 2014, the Indonesian government requested outside assistance to renovate its terrestrial analogue television broadcasting infrastructure. French society Ellipse projects ultimately won the tender for a concessional loan from the French Ministry of the Economy and Finance. Ellipse projects fought fierce competition from Germany and Japan to win the contract with KOMINFO, the Indonesian Ministry of Communications and Information Technology, for 48 million euros.
As prime contractor, Ellipse Projects envisioned an overhaul of the national television network, consisting of the renovation and replacement of the antenna infrastructure, followed by the provision of television transmitters at 60 sites. The turnkey deployment was completed in mid-2017. Foreign investment was a crucial step in the digitization of Indonesia’s television transmission network in accordance with International Telecommunication Union (ITU) standards. Following the success of this previous investment from Ellipse Projects, President Joko Widodo recognized the benefits of promoting Western funding in Indonesian infrastructure.
UK and EU want Indonesia
Ellipse Projects The Indonesian success story has rubbed off on Brussels, which has since gradually strengthened bilateral relations with the country. From 2018 to 2023, a 10 million EU program called ARISE More provided technical support to ASEAN countries through economic integration. The EU is currently ratify the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA), which was delayed by Covid-19, but which will strengthen the results achieved through ARISE and allow a specific focus on Indonesia in the near future.
The UK, for whom Indonesia is a post-Brexit priority, is scrambling to gain a foothold with the EU. In 2020, they increased investments in the country of 35%. Then, in April this year, Westminster signed a Memorandum of Understanding (MoU) on the Joint Economic and Trade Committee (JETCO) between the Indonesian Minister for Trade and the UK Secretary of State for International Trade in April. The government has since allocated $ 4 billion in long-term competitive government funding to catalyze development initiatives in Indonesia. As the UK now operates outside EU rules, it will be well positioned to compete on trade tariffs and more targeted measures in the country’s digital sector – from e-commerce to technological innovation – and the renewable energy sector to reverse the country. addiction on coal.
Indonesia’s recent success in securing foreign investment is a positive sign that international confidence in the country’s economy is growing. The head of the BKPM investment council, Bahlil Lahadalia, nodded that the recent inflows of FDI demonstrate the world’s confidence in Indonesia and that the activities of foreign investors have started to normalize and adapt with the development of the Covid-19 pandemic. Early investments such as the restructuring of Ellipse Projects television have helped Indonesia be recognized as a good environment for foreign investors and will help the country recover quickly from the impact of Covid-19.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]