Business

At least 10 M’sian firms mulling investment in Indonesia’s new capital: PM

Nine are from Peninsular Malaysia, one from Sarawak, notes Datuk Seri Anwar Ibrahim

Updated 3 years ago · Published on 07 Mar 2023 1:21PM

At least 10 M’sian firms mulling investment in Indonesia’s new capital: PM
Prime Minister Datuk Seri Anwar Ibrahim says the synergy of cooperation between Malaysia and Indonesia regarding the development of Indonesia’s new capital would benefit both countries. – AFP pic, March 7, 2023

KUALA LUMPUR – At least 10 major Malaysian companies are looking into making major investments in development projects in Indonesia’s new capital, Nusantara, the Dewan Rakyat was told.

Prime Minister Datuk Seri Anwar Ibrahim said nine major companies from Peninsular Malaysia, and one from Sarawak, are seriously studying the possibility of making the investments.

“At our recent discussions with the Indonesian government, there were several other companies involved, such as TNB (Tenaga Nasional Bhd), Telekom (Telekom Malaysia Bhd)... at least 10 companies were there.

“But in this context, I told Sarawak Premier (Tan Sri Abang Johari Openg) that because Sarawak is nearer (to Nusantara) and has taken the lead, this effort will be coordinated with the Sarawak government so that we can benefit more.”

Anwar said this in reply to a supplementary question from Yusuf Abd Wahab (Tanjong Manis-GPS) on how far Malaysian companies are involved in the development projects in Nusantara and industrial areas in Kalimantan, during Minister’s Question Time today.

Meanwhile, in reply to a separate question from Datuk Mumtaz Md Nawi (Tumpat-PN) on the government’s preparedness to engage the local communities in Sabah and Sarawak in the development plan in Nusantara, Anwar said the government is looking into the possibility of forging cooperation with universities, youth, Islamic organisations, state government and non-governmental organisations in the areas involved.

“There has yet to be a more active plan, but I believe that based on the progress of the Nusantara development project, we have to look into that possible cooperation,” he said.

The prime minister said the synergy of cooperation between Malaysia and Indonesia regarding the development of Indonesia’s new capital would benefit both countries.

“President Jokowi has also informed me that among the Asean countries, Malaysia is among the leading and active participants in this cooperation,” he added. – Bernama, March 7, 2023

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