President Jokowi Receives Softbank, Grab CEOs at Merdeka Palace

    Antara - 29 Juli 2019 15:49 WIB
    President Jokowi Receives Softbank, Grab CEOs at Merdeka Palace
    Illustration ( Rizal)
    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.

    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)


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