Saturday 29 February 2020 ,
Saturday 29 February 2020 ,
Latest News
  • New Zealand confirms first coronavirus case
  • Malaysian king hits back at Mahathir amid crisis
  • Delhi violence: Death toll hits 42
  • COVID-19 virus emerging in every continent except Antarctica
  • Virus detected in sub-Saharan Africa, global stocks tank
  • Iranian vice president tested positive for COVID-19
  • Markets fall as virus spreads around the world
  • Covid-19 outbreak: Saudi suspends issuing e-visas for several countries
18 January, 2020 00:00 00 AM
Print

SoftBank to invest $40b for new Indonesia capital

AP, Jakarta

Japan’s SoftBank is offering to invest $30 billion to $40 billion in the development of a new Indonesian capital, an official said yesterday.
The billionaire founder and chief executive of SoftBank Group Corp., Masayoshi Son, hinted at partnering with the Indonesian government to fund the project when he met President Joko Widodo last week in the capital, Jakarta.
Son and former British Prime Minister Tony Blair have been included in the steering committee to oversee the construction of the new capital city on Borneo island that would be led by Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed Al Nahyan.
Indonesian Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan told a news briefing that SoftBank was offering around $30 billion to $40 billion, though it was not immediately clear what project the Japanese conglomerate would invest in specifically.
“We have not yet decided how they would invest, it could be for education, a research center or hospital development,” Pandjaitan said. He said he will meet Son in Davos and Tokyo later this month to finalize the plan.
After meeting Widodo last week, Son told reporters that he was interested in supporting “a new smart city, the newest technology, a clean city and a lot of artificial intelligence.”

 

Comments


Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting