Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Hu shakes hands with Indonesian President Susilo Bambang Yudhoyono/XINHUA

World

Indonesia eyes more investment from China

Hu shakes hands with Indonesian President Susilo Bambang Yudhoyono/XINHUA

BEIJING, Mar 26 – A joint statement released in Beijing on Sunday said that Indonesia invites Chinese enterprises to increase their investment.

The statement was issued as Indonesian President Susilo Bambang Yudhoyono wrapped up a three-day state visit to China on Sunday.

The Indonesian side encouraged China’s enterprises to participate in augmenting the industrial capacity in Indonesia, and said it will continue creating conducive investment atmosphere for foreign investors, including those of China.

Indonesia also expected that Chinese enterprises “invest more in Indonesia’s mining industry,” and briefed China on its efforts to improve the management of its mining resources.

The statement said the two sides agreed to continue to promote the role of bilateral energy forum, gear up efforts to further solidify and expand cooperation in oil and gas, mining and electricity, and actively explore cooperation opportunities in new and renewable energy.

China reaffirmed its commitment to participating in Indonesia’s infrastructure development projects, especially in the Master Plan on Acceleration and Expansion of Indonesia’s Economic Development from the year 2011 to 2025.

Both side were “delighted” to note that the two-way trade volume had increased steadily in the past few years, and were “optimistic” that the target of 80 billion U.S. dollars bilateral trade value by 2015 could be accomplished, said the statement.

The two countries will step up efforts to realize smooth, balance and sustainable two-way trade relations, according to the statement.

The Chinese side also appreciated Indonesia’s continued support towards China’s Yuanwang scientific instrumentation ship sailing into designated Indonesian sea areas to carry out TT&C (Telemetry Tracking and Command) support for China’s Compass navigation satellite launch missions.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...