Senin 08 Oct 2018 15:35 WIB

Japanese investor to continue investment project in Palu

The Japanese investors believe that Palu will be safe at least for the next 50 years

Industry Minister Airlangga Hartarto
Foto: Republika/Flori Sidebang
Industry Minister Airlangga Hartarto

REPUBLIKA.CO.ID, JAKARTA -- Industry Minister Airlangga Hartarto appreciates a Japanese investors continuing plan to invest in the tsunami devastated Palu, Central Sulawesi. Palu was the hardest hit by the quake with a magnitude of 7.4 on the Richter scale that triggered tsunami.

"Certainly we appreciate the decision of the investor," Industry Minister Airlangga Hartarto said when receiving report from PT Bangun Palu Sulawesi Tengah, the operator of the Palu Special Economic Zone (KEK) that Japanese investor PT Hashimoto Gemilang Indonesia would not cancel investment plan at the KEK despite the recent earthquake and tsunami.

On Sunday afternoon, the government said the death toll of the earthquake reached 1,944 with 683 people still missing feared dead and 2,549 others injured in Palu, Donggala, Sigi and other areas in Central Sulawesi.

Also read: Death toll of Central Sulawesi catastrophe rises to 1944

Airlangga was in Palu inspecting the damage caused by the quake to industry in the area and discussing with the regional administration ways of reviving the regional economy.

photo
Balaroa housing complex, Palu, Central Sulawesi, Sunday (Oct 7).

President Director of PT Bangun Palu Sulawesi Tengah Mulhanan Tombolotutu said PT Hashimoto Gemilang Indonesia plans to invest in industry producing chips from the shells of oil palm fruits shells to be exported as fuel for power generating plant.

The Japanese investors believed that Central Sulawesi including Palu would be safe at least for the next 50 years as the tsunami was a cycle of 50 years.

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