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Jakarta Post

RI among Asia-Pacific's top expansion destinations

  • The Jakarta Post

Jakarta   /   Thu, June 26 2008   /  10:39 am

Indonesia remains attractive to expansion-minded multi-national firms despite global fallout from the U.S.' sub-prime crisis, a survey reveals. According to a report by global real estate management firm Jones Lang LaSalle, of 15 nations surveyed in the Asia-Pacific region, Indonesia ranks sixth in a list of top destinations for business expansions -- ahead of Malaysia, Australia, Cambodia, Japan, Korea, Thailand and Hong Kong. China topped the list, followed by India, Vietnam, the Philippines and Singapore. Eighty-three percent of the multi-nationals said they would increase or maintain their current growth rates in the region, while 28 percent accelerated the growth of their operations in the region in this year's second quarter, the report shows. The survey company's CEO for regional business lines and corporate solutions John Forrest said emerging...