Southeast Asia vies for foreign manufacturers leaving China

Indonesia, Thailand and others tussle over shrinking investment pie

20200701N Jakarta

Central Jakarta: Indonesia is trying to attract foreign companies through tax breaks and land deals. © Reuters

KOYA JIBIKI, Nikkei staff writer

JAKARTA -- When Indonesian President Joko Widodo unveiled the site of a new industrial park in Batang, on the island of Java, his message to the world was clear: the country was open for business.

"We want companies from China, of course, but also Japan, South Korea, Taiwan, the U.S., and anywhere else in the world to move here," the president, commonly known as Jokowi, said Tuesday while touring the location.

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