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Indonesia Tops Southeast Asia Luring New Factories, Survey Shows

Indonesia will attract more new factories than any other Southeast Asian nation over the next few years, a survey of 75 manufacturers showed, bolstering President Joko Widodo’s drive to revitalize the economy.

Manufacturers plan to build 54 new plants in Southeast Asia’s biggest economy by 2019, a 68 percent increase that will allow Indonesia to overtake Malaysia and Thailand with 133 factories in total, according to the Economist Intelligence Unit survey sponsored by Baker & McKenzie and CIMB Group Holdings Bhd. The companies all currently produce goods in the region.