Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

President Jokowi Receives Softbank, Grab CEOs at Merdeka Palace

English tech industry (en) indonesian economy (en) Softbank
Antara • 29 Juli 2019 15:49
Jakarta: President Joko Widodo (Jokowi) received Softbank CEO Masayoshi and Grab CEO Anthony Tan at the Merdeka Palace here on Monday.
 
Other guests present were Softbank Board Director, Executive Vice President & CSO Kataunori Sago, CEO of Tokopedia William Tanuwijaya, and President of Grab Indonesia Ridzki Kramadibrata.
 
The president was accompanied by Minister/State Secretary Pratikno, Cabinet Secretary Pramono Anung, Coordinating Minister for Maritime Affairs Luhut B. Pandjaitan, and Head of the Investment Coordinating Board Thomas Lembong.

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Following the meeting with Jokowi, Masayoshi remarked that Softbank will once again invest US$2 billion in Indonesia.
 
The bank had earlier invested US$2 billion in Indonesia.
 
The investment will be carried out through Grab and another company supplying environment-friendly electric cars.
 
"This is aimed at developing an ecosystem, from producing lithium batteries to motorcycles, buses, electronic vehicles, and charging stations," he stated.
 
The investment in Jakarta will be a pilot project, he added.
 
"This is to solve the problem of air pollution. The project is targeted for completion within three years," he added. (Antara)
 
(WAH)
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