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Malaysia pledges to invest in Indonesia new capital

by John Pierce
July 3, 2023
in Business
2 min read
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Malaysia will invest in the development of Indonesia new capital on Borneo island which both nations shareCountry prime minister Monday said.

Anwar Ibrahim made for him first overseas Journey to Jakarta since taken office in November, saying that at least 10 Malaysian companies have committed to invest in Nusantara new selected capital in 2019 to replace Jakarta, about 2,000 km (1,240 mi) away.

the city of about 10 million on with a high population density main Island of Java is sinking due to environmental degradation and overcrowding. the main cause It is exacerbated by uncontrolled groundwater extraction rising levels of Java sea.

Anwar b proximity of Nusantara to the states of Sabah and Sarawak and the Federal Territories of Malaysia on Borneo says new Capital growth It will benefit the region’s economy.

the first phase of development of Nusantara started in Walks last year It is expected to be completed in 2045.

Anwar and Indonesian President Joko Widodo also Signature witnessed of agreements for Economic cooperation is destined to be worth $263 million.

Anwar arrived in Jakarta on Sunday with A delegation including Foreign Minister Zambri Abdelkader, who Hold separate conversations with His Indonesian counterpart, Retno Marsudi, last week.

sides also Discuss the issues of Delimitation of land and sea borders, and employment f protection of Indonesian migrant workers in Malaysia, which has been plagued by it for a long time with cases of Human trafficking and ill-treatment.

Indonesia government data shows over 50% of Indonesians working abroad, or about 1.6 million, are in Malaysia.

Widodo welcomed Anwar’s commitment to protecting migrant workers and reiterated his request to Malaysia also Education provision for Workers’ children.

Both leaders also Discuss the situation in militaryMyanmar’s governance and joint efforts to address its exports of palm oil.

Indonesia and Malaysia account for 85% of global palm Oil production, which plays an important role role in their economists recovery. But the European Union is holding them back, and they say it favors producers of other vegetable oils.

Anwar is widely known in Indonesia champion of democracy in Malaysia since it was former deputy prime ministerwho isolated and imprisoned them in The ’90s gave rise to massive exposure street Protests and a reform movement escalated into a major political movement force. He often visited Indonesia when he was opposition leader.

Indonesia has it special place in my heart,” he shared news conspiracy with Widodo. “I was in It was hard, my life went downhill in Suffering, Indonesia welcomed me as a true Friend. “

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