Two Foreign Investors Leave Bintan
Friday, 02 March, 2007 | 14:22 WIB

TEMPO Interactive, Batam: Aft..." /> Two Foreign Investors Leave Bintan
Friday, 02 March, 2007 | 14:22 WIB

TEMPO Interactive, Batam: Aft...">
Two Foreign Investors Leave Bintan
Friday, 02 March, 2007 | 14:22 WIB

TEMPO Interactive, Batam: After a number of investment companies (PMA) removed their factories from Batam, this week another two foreign investors, Singapore’s Pacific and Italy’s Nordek, said that they left the Inti Industrial Estate Bintan Bonded Zone, Bintan Regency.

The reason is, according to the Inti Industrial Bintan Zone Manager, Jamin Hidayat, the two companies could not afford the high operational cost any more.

“The other problem is many of the regulations are not integrated to interest investors,” he told Tempo, Thursday (1/3). Due to the two companies’ leaving, as many as 500 workers lost their jobs.

In addition to the two companies, Jamin explained there are three companies more which have reported they are going to depart. However, negotiations are still being carried out so that these companies continue to stay while waiting for legal certainty about the special economic zone.

However, Jamin stressed usually when a company reports it is going to leave, it can only remain one to six years at the latest. “Then they must completely stop their business,” said Jamin.

Rumbadi Dalle
<span style="font-size: 14pt"><span style="font-weight: bold">Two Foreign Investors Leave Bintan</span></span><br /> Friday, 02 March, 2007 | 14:22 WIB<br /> <br /> TEMPO Interactive, Batam: After a number of investment companies (PMA) removed their factories from Batam, this week another two foreign investors, Singapore&rsquo;s Pacific and Italy&rsquo;s Nordek, said that they left the Inti Industrial Estate Bintan Bonded Zone, Bintan Regency.<br /> <br /> The reason is, according to the Inti Industrial Bintan Zone Manager, Jamin Hidayat, the two companies could not afford the high operational cost any more.<br /> <br /> &ldquo;The other problem is many of the regulations are not integrated to interest investors,&rdquo; he told Tempo, Thursday (1/3). Due to the two companies&rsquo; leaving, as many as 500 workers lost their jobs.<br /> <br /> In addition to the two companies, Jamin explained there are three companies more which have reported they are going to depart. However, negotiations are still being carried out so that these companies continue to stay while waiting for legal certainty about the special economic zone.<br /> <br /> However, Jamin stressed usually when a company reports it is going to leave, it can only remain one to six years at the latest. &ldquo;Then they must completely stop their business,&rdquo; said Jamin.<br /> <br /> Rumbadi Dalle
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