Malaysia, Indonesia increase cooperation in investment, commodity

Malaysia, Indonesia increase cooperation in investment, commodity

By Mohd Iswandi Kasan Anuar

JAKARTA, April 1 (NNN-Bernama) — Developments at the Malaysia-Indonesia border areas will be intensified following the opening of Indonesia’s new capital city, Nusantara.

Malaysian Prime Minister Ismail Sabri Yaakob said the areas that need to be developed, whether in Malaysia or on Indonesia’s side, would be identified.

“I am grateful that the President (Joko Widodo) has agreed for us to also identify the areas that will be developed by investors from Malaysia in Nusantara in the future,” he said.

He said this in a joint press conference with Indonesian President Joko Widodo after witnessing the signing of a memorandum of understanding on the employment and protection of Indonesian Domestic Workers, here Friday.

Touching on oil palm, Ismail Sabri said both countries have agreed that the price of palm oil should be determined together and not compete in terms of fixing the price.

Malaysia and Indonesia are the main exporters of palm oil and overall control the exports of the commodity.

— NNN-BERNAMA

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