‘Follow tycoon Li Ka-shing and invest in Indonesia’: president Joko Widodo calls on Hong Kong businesses to look south

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“You may want to buy property there soon before chairman Li Ka-shing buys everything and then the price goes up,” Indonesia’s President Joko Widodo said.

The visiting leader said his government had launched an initiative known as “10 New Balis”, under which it was promoting 10 tourism destinations with the potential to replicate Bali’s success as a tropical paradise for holidaymakers.

Widodo wrapped up his two-day visit to the city by meeting Chief Executive Leung Chun-ying, incoming leader Carrie Lam Cheng Yuet-ngor, and CK Hutchison Holdings chairman Li. He also attended a forum with #HongKong and Indonesian business leaders, where he put the city’s richest man at the centre of his investment agenda.

“By the way, he said it is not too late to invest in Indonesia, even though he already invested in #Indonesia more than 10 years ago. Of course, ‘Superman’ is always the first to spot an opportunity.”

At the business forum later, Indonesia’s ministry of trade signed a memorandum of understanding with Hong Kong’s Trade Development Council to promote bilateral ties. The Indonesian Chamber of Commerce and Industry signed one with the Chinese Chamber of Commerce to foster trade and economic links.

Highlighting the importance of #China to Indonesia, Widodo said that after two Indonesian airlines started direct flights from mainland China to Manado city last year, about 12,000 Chinese tourists were visiting the city on a monthly basis now compared with 12,000 a year before the direct flights began.

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