Advertising spending in Indonesia has grown 24% in Q3 2011 compared to the same quarter last year, reaching more than $2 billion or nearly half of $5 billion the regional spent, according to global media and information company Nielsen.
Compare to the Southeast Asia region, Indonesia experienced the most notable increase in advertising dollars spent in quarter three, followed by the Philippines (+15%) and Singapore (+10%). Continue reading →
Investment realization in Indonesia for the first quarter 2011 reach Rp 53.6 trillion, growth 27.3% from the same period last year. From this total investment figure, nearly three-quarter of it (Rp 39.5 trillion or 73.8%) are foreign direct investment (FDI) in sectors like mining and utilization, and West Java are the biggest location for foreign investors spending their money. Continue reading →
Hankook Tire, the biggest tire producer in Korea and seventh largest in the world, are planning to build a new tire manufacturing plant in Indonesia and invest total US$1.1 billion in seven years to 2018. Outside South Korea, Indonesia is the third country as a production based for Hankook, beside Hungary and China. As the world’s second largest natural rubber producer, Indonesia with its abundant raw material availability makes it a great place to build tire factory. To find out more about Hankook investment plan in the country here is the short interview with Hyun Bum Cho, executive vice president of Hankook Tire, South Korean company: Continue reading →
Hankook Tire Co Ltd, the biggest tire producer in Korea and seventh largest in the world, are planning to build a tire factory in Indonesia and invest total US$1.1 billion in seven years to 2018. Hyun Bum Cho, executive vice president of Hankook, says the company wants to build a new manufacturing plant in Bekasi, West Java. This expansion will help the company to become the fifth largest tire company in the world.