Tag Archives: indonesia

Foxconn to build a $1 billion factory in Indonesia – create 1 million jobs

The chinese are offshoring their work to find cheaper labor…

 

The market leading computer manufacturer Foxconn is planning a new $1 billion facility in Indonesia.

The new manufacturing plant will create around 1 million jobs in the region. Foxconn is currently discussing its plans with the Indonesian Ministry of Industry.

Foxconn already operates several manufacturing plants in China and Brazil, where it assembles electronic goods for many of the world’s biggest technology companies.

In a statement released yesterday, the company says it was attracted to Indonesia over Malaysia and Vietnam due to its high rate of economic growth – around 6 per cent a year. It also noted that the region is “sorely in need” of formal jobs, giving it a large workforce used to wages of around $100 a month.

 

Source: Games Industry - Foxconn planning $1 billion facility in Indonesia

 

 

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Forget the BRICs it’s the CIVETS now – the new developing world

The past decade was all about the BRICs, the massive economies of Brazil, Russia, India and China, which kicked off at the beginning of the new century, boomed and are now slowing like the rest of the developed world. Taking their place is a new group of fast-rising economies promising businesses outsized returns.

The next decade could belong to the CIVETS – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – whose rising middle class, young populations and rapid growth rates make the BRICs look dull in comparison.

Hardly emerging economies anymore – China is the world’s second largest economy and Brazil will take seventh place this year – that their pace would slow down was inevitable.

Now more connected by trade to the developed economies, the BRICs are feeling the same slowdown effects as the developed economies.  And, in the case of China and Brazil, they are also wrestling with the strains of their rapid ascensions. Real estate bubbles, currency control issues and hyper-wage inflation are sending global companies elsewhere for growth.

Brazil is forecast to grow a mere 3% this year. China, while still targeting a strong GDP growth rate of 7-8% in 2012, is well off its double-digit rates of the past decade. Russia, meanwhile, which can’t kick its dependency on oil exports and endured the retrograde re-election of Vladimir Putin, may grind out 3.2% growth this year. India is also slowing, with a GDP target of 6.9% growth in 2012, a sharp decline from its 2010 pace of 9.6%.

The CIVETS, meanwhile, are at the lift-off point…

 

Keep readingThe decade of the CIVETS

 

 

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Amazing Species: a carnivorous plant – Nepenthes rigidifolia

Nepenthes rigidifolia is not yet listed on the IUCN Red List of Threatened Species, however a provisional evaluation classes this species as ‘Critically Endangered’. Known only from a single location in Sumatra, Indonesia, this spectacular carnivorous pitcher plant produces mottled brown and yellowish green pitchers up to 21 cm tall and 8 cm wide, borne from unique, rigid leaves from which it receives its name. The traps of this plant are home to a wide range of dependant animals, including mosquito larvae and other arthropods.

Only 24 specimens of this ultra-rare plant species were ever discovered in the wild, all outside of national parks and nature reserves. Unfortunately, that small number has been decimated by poaching and habitat destruction, and a recent survey confirmed just two individuals surviving in the wild today.

To safeguard against complete extinction, multiple strains of Nepenthes rigidifolia are preserved through an ex-situ conservation strategy (i.e., conservation outside their natural habitat), with the hope that protection and restoration of its habitat may save this critically rare species, and the ecosystem of miniature life that it supports.

via IUCN Amazing Species (pdf)