President Joko “Jokowi” Widodo has brought back business commitments worth a total of $74.34 billion in various planned projects and investments, following state visits to Japan and China over the past week, a senior government official said.
Upon arriving in Jakarta after accompanying the president on his return flight, Franky Sibarani, head of the Investment Coordinating Board, said late Saturday that the business-to-business commitments from Japan total $5.9 billion.
According to Sibarani, during a visit to Toyota Motor Corp.’s Motomachi plant in Aichi Prefecture, Toyota President Akio Toyoda voiced the automaker’s commitment to boost its investment in Indonesia by 20 trillion rupiah (about $1.6 billion) to develop and expand its existing factory in Indonesia.