You are here

Japan plans to invest US$5.6b in Indonesia: Investment Chief

nabmJOKO26315.jpg
Japanese companies will invest US$5.6 billion in Indonesia, following President Joko Widodo's visit to Tokyo, the head of Indonesia's investment board said.

[JAKARTA] Japanese companies will invest US$5.6 billion in Indonesia, following President Joko Widodo's visit to Tokyo, the head of Indonesia's investment board said.

Toyota Motor will invest US$1.6 billion while Suzuki Motor will increase its planned investment by US$1 billion, Franky Sibarani, chairman of the Investment Coordinating Board, said in a press release on Thursday, without giving a timeline.

Southeast Asia's largest economy also attracted US$3 billion in Japanese commitments for other industries including textiles, steel, fisheries and power, Sibarani said, adding that the commitments will be realised this year.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes