Malaysia
PM Ismail Sabri: Malaysia, Indonesia to increase cooperation in investment, commodity
Prime Minister Datuk Seri Ismail Sabri Yaakob and Indonesian President Joko Widodo at a joint press conference at Istana Merdeka in conjunction with the Malaysian PMu00e2u20acu2122s working visit to Indonesia, April 1, 2022. u00e2u20acu201d Bernama pic

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

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

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"I am grateful that Bapak President 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 at Istana Merdeka, here today.

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. — Bernama

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