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SoftBank's Son eyes further Indonesia investment

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SoftBank Group Corp founder and CEO Masayoshi Son said on Friday he wants to expand his tech conglomerate's investments in Indonesia, in remarks ...

JAKARTA/TOKYO: SoftBank Group Corp founder and chief executive, Masayoshi Son, said on Friday he wants to expand his tech conglomerate's investments in Indonesia, in remarks following a meeting with President Joko Widodo.

Son did not outline specific plans to invest in the new capital, which will be constructed on the island of Borneo. Those funds will be used to promote the use of electric vehicles in Indonesia, which is seen as a priority by the government as it attempts to improve congestion and air quality in traffic-clogged Jakarta.SoftBank is also working on a smart city project at a township west of Jakarta, which will introduce technology like traffic monitoring cameras, in partnership with property developer PT Lippo Karawaci Tbk .

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