January 17, 2020

U.S., Japan May Invest in Indonesia Islands Near South China Sea
(Bloomberg) -- The U.S., Japan and South Korea are keen to invest in Indonesia’s Natuna Islands as President Joko Widodo steps up efforts to rebuff Chinese claims over the resource-rich waters in the South China Sea.The countries are interested in building fisheries processing and manufacturing industries in Natuna, Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan, told reporters in Jakarta on Friday. Indonesia can manage the sea dispute with China without going into a war, Pandjaitan, a former general, said.“The U.S. investors have expressed their interest, along with investors from Japan, Korea and China,” Padjaitan said. “For us, it doesn’t matter where they come from.”Widodo’s efforts to lure foreign investment into the Natuna islands may ratchet up tension with Beijing following the intrusion of Chinese fishing vessels into an area claimed by Indonesia as an exclusive economic zone. Indonesia is not a claimant in the broader dispute over the South China Sea, but it does insist on its sovereign rights to waters around the Natunas.Beijing says while it has no territorial disputes with Jakarta, claims over maritime interests in certain waters in the South China Sea “overlap.”“War is the last resort in our negotiation process,” Pandjaitan said referring to the standoff with China on Natuna. “But under no circumstances will we negotiate our sovereignty and territorial rights.”Jokowi, as Widodo is commonly known, visited the Natuna islands last week and asserted Indonesia’s sovereignty over the waters after authorities deployed fighter jets and warships to push back the Chinese fishing vessels, which were accompanied by coast guard ships. The president also inaugurated a fisheries processing center in the region and days later invited Japan to invest in Natuna to develop the fishing industry.Indonesia is also seeking investment by Vietnamese marine processing companies. Foreign Minister Retno Marsudi met officials of Hai Nam Co., a seafood importer this week in Ho Chi Minh City, and asked it to explore a joint venture with Indonesian companies for a fisheries processing unit in areas including Natuna, according to a foreign ministry statement Thursday.It has identified a location in north Natuna for a fishing port, while southern Natuna will serve as a base for the navy, Pandjaitan said. The country will also soon acquire its first ocean-going vessel, probably from Denmark, to beef up its sea powers, he said.To contact the reporters on this story: Arys Aditya in Jakarta at aaditya5@bloomberg.net;Harry Suhartono in Jakarta at hsuhartono@bloomberg.netTo contact the editors responsible for this story: Stephanie Phang at sphang@bloomberg.net, Thomas Kutty AbrahamFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Golden Globes 2021: Best Drama Series
January 13, 2021
TrTjbEY6VQU
‘WandaVision's’ Elizabeth Olsen Reveals How She Transformed For Every Episode
January 14, 2021
nuxKgpMx8qI
'WandaVision' Cast Reveals the Sitcom They'd Pick To Be Trapped-In Forever
January 14, 2021
DdTGaR2vUDk
Mario Lopez, Tiffani Thiessen react to Dustin Diamond’s cancer diagnosis | Page Six Celebrity News
January 15, 2021
x4Hz209X0eg
Why 'Bling Empire' stars were skeptical to join the Netflix reality series | Page Six Celebrity News
January 15, 2021
3oHt4Cqr1J0
Bella Thorne defends Armie Hammer against allegations | Page Six Celebrity News
January 15, 2021
W0-pu9wJVkE
Meet Queen Elizabeth II's Hunky Grandnephew Arthur Chatto
January 16, 2021
Rrd3p6_aAkQ
Archie Lyndhurst's Cause of Death at Age 19 Revealed
January 16, 2021
mf_pqB3oQYc
Prince Harry Is "Heartbroken" Over Royal Family Estrangement
January 16, 2021
sDhziu0ihGA
Andrew Zimmern Says Prisoners Need Better Food, Even Capitol Rioters | TMZ
January 16, 2021
sbz0nx1qST0
L.A. County Supervisor Enraged Clinics Throw Unused Vaccines in the Trash | TMZ
January 14, 2021
Upzfh-nEbq0
Drake Returns To Working Out, Looks Great! | TMZ TV
January 14, 2021
JlKeaD2mjoA
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
17
Jan
ENGLAND: Premier League
Liverpool - Manchester United
17
Jan
ENGLAND: Premier League
Sheffield United - Tottenham Hotspur
17
Jan
ITALY: Serie A
Napoli - Fiorentina
17
Jan
ITALY: Serie A
Atalanta - Genoa
17
Jan
ITALY: Serie A
Sassuolo - Parma
17
Jan
ITALY: Serie A
Crotone - Benevento
16
Jan
ENGLAND: Premier League
Fulham - Chelsea
16
Jan
ENGLAND: Championship
Watford - Huddersfield
16
Jan
ENGLAND: Championship
Barnsley - Swansea City
16
Jan
ENGLAND: Championship
Cardiff City - Norwich City
16
Jan
ENGLAND: Premier League
Leicester City - Southampton
16
Jan
ENGLAND: Championship
Blackburn - Stoke City
16
Jan
ITALY: Serie A
Sampdoria - Udinese
16
Jan
ENGLAND: Premier League
West Ham United - Burnley
16
Jan
ENGLAND: Premier League
Leeds - Brighton
16
Jan
ITALY: Serie A
Torino - Spezia
15
Jan
ITALY: Serie A
Lazio - Roma
14
Jan
ENGLAND: Premier League
Arsenal - Crystal Palace
13
Jan
ENGLAND: Premier League
Manchester City - Brighton
13
Jan
ENGLAND: Premier League
Tottenham Hotspur - Fulham
13
Jan
GERMANY: National cup
Holstein Kiel - Bayern Munich
12
Jan
ENGLAND: Premier League
Burnley - Manchester United
12
Jan
SPAIN: La Liga
Atletico Madrid - Sevilla
10
Jan
ITALY: Serie A
Roma - Inter Milan
10
Jan
ITALY: Serie A
Juventus - Sassuolo
10
Jan
ITALY: Serie A
Udinese - Napoli
09
Jan
SPAIN: La Liga
Osasuna - Real Madrid
09
Jan
ITALY: Serie A
AC Milan - Torino
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.