Indonesia, UAE sign business deal worth B690bnIndonesia's President Joko Widodo attends an Asean summit with United Nations Secretary-General Antonio Guterres in Bangkok on Nov 3, 2019. In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina and PT Chandra Asri Petrochemicals , UAE state news agency WAM reported. Widodo and the crown prince also discussed a plan to establish a sovereign wealth fund, Indonesia's Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said. Japan's Softbank and the US International Development Finance Corp (IDFC) were also interested in taking part in the fund, Pandjaitan said in a statement. It is also interested in investing in a property development in Aceh province on Indonesia's Sumatra island, Pandjaitan said.

Source: Bangkok Post January 13, 2020 06:13 UTC