Indonesia Highlights: Indonesia, Tesla to Begin Investment Negotiations Next Week | 19 Terrorist Suspects in Makassar Identified as Hardline Islamic Defender's Front Group: Police | Covid-19: Indonesi

February 5, 2021, 12.48 AM
Indonesia's Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan speaks during a virtual discussion on Covid-19 on Thursday, February 4, 2021. Dokumentasi Humas Kemenko MarvesIndonesia's Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan speaks during a virtual discussion on Covid-19 on Thursday, February 4, 2021.

Kompas.com – The Indonesian government and US automaker Tesla will hold investment negotiations next week after a non-disclosure agreement was signed on Wednesday, February 3.

The government has also received a proposal on the investment plan in Indonesia, but none of the officials have disclosed further details on the proposal.

However, the Indonesian officials have not disclosed the details of the proposal.

Previously, Tesla CEO Elon Musk had responded to President Joko Widodo’s invitation as they were on a call on December 11 last year. The two discussed investment opportunities from electric vehicles company Tesla in Indonesia and the main component used in the electric vehicles such as nickel.

The media reported that Indonesia has a plan to become the biggest producer of lithium batteries as the country has the biggest nickel reserves.

On the security issue in the country, the National Police has fetched 26 terrorist suspects from Makassar at the Soekarno-Hatta Airport near Jakarta and would be transferred to the police’s Mobile Brigade (Brimob) detention center in Cikeas.

Below are the editors’ picks stories published on Kompas.com:

Indonesia, Tesla to Begin Investment Negotiations Next Week

The Indonesian Government has received an investment proposal from the US automaker Tesla after a non-disclosure agreement (NDA) was recently signed by both parties.

Septian Hario Seto, the Office of the Coordinating Maritime Affairs and Investment Minister’s deputy head for investment coordination and mining, said on Thursday the government will soon hold a negotiation with Tesla.

“The negotiation will begin next week,” Seto told Kompas.com on February 4.

However, he did not elaborate on the details of the proposal. “I can’t disclose the details except to the relevant parties that we have agreed upon,” he said.

Previously, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan said that representatives of the Indonesian government and Tesla have signed a confidentiality agreement on investment.

Source: https://money.kompas.com/read/2021/02/04/192024226/tesla-kirim-proposal-ke-ri-pemerintah-siap-negosiasi-pekan-depan

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