Previous Posts
- Internet Traffic Growth Slows by Half in 2005
- Internet users reach 130m
- TA Orange targets rural regions; expects 4.2 milli...
- Telcos predicting strong growth over next five years
- VSNL Buys Top VoIP Carrier
- voip vs Mobile: the future
- Report: Stability in the Atlantic Capacity Market?
- Report info: Adult Mobile Services
- Strike and Privatisation
- Indosat to test 3G
Archives
Links
telco newsletter
Freitag, September 02, 2005
China signs agreement to invest $20b in Indonesia
Sep 2, 2005
Telecom Asia Daily
China signed agreements to invest $20 billion in Indonesia to build scores of electricity, telecommunications and other infrastructure projects over the next 20 years, a news report said.
Indonesian Vice President Jusuf Kalla also said the rupiah's recent depreciation which saw the currency fall to a four-year low against the dollar, earlier this week, offered the Chinese an opportunity to get more for their money.
"There is now a good opportunity for Chinese businessmen to invest in Indonesia due to our favorable and competitive exchange rate," Kalla said on a visit to China, according to The Jakarta Post. "You can buy land and invest in machinery cheaper than before."
The two sides signed six MOUs and four agreements involving Indonesian state enterprises and their Chinese counterparts in many projects including gas transmission, electricity, telecommunication, mining, housing development and the medical sector.
Indonesia badly needs foreign investment to keep the economy growing and produce the jobs for the millions of new graduates.
It has struggled to attract foreign investment in recent years, in the face of widespread corruption and government red tape.
But a weakening rupiah and a more stable government has increased the country's prospects and helped foreign investment jump 74% in the first seven months of this year.
Telecom Asia Daily
China signed agreements to invest $20 billion in Indonesia to build scores of electricity, telecommunications and other infrastructure projects over the next 20 years, a news report said.
Indonesian Vice President Jusuf Kalla also said the rupiah's recent depreciation which saw the currency fall to a four-year low against the dollar, earlier this week, offered the Chinese an opportunity to get more for their money.
"There is now a good opportunity for Chinese businessmen to invest in Indonesia due to our favorable and competitive exchange rate," Kalla said on a visit to China, according to The Jakarta Post. "You can buy land and invest in machinery cheaper than before."
The two sides signed six MOUs and four agreements involving Indonesian state enterprises and their Chinese counterparts in many projects including gas transmission, electricity, telecommunication, mining, housing development and the medical sector.
Indonesia badly needs foreign investment to keep the economy growing and produce the jobs for the millions of new graduates.
It has struggled to attract foreign investment in recent years, in the face of widespread corruption and government red tape.
But a weakening rupiah and a more stable government has increased the country's prospects and helped foreign investment jump 74% in the first seven months of this year.
upay
¶
1:43 PM
