Chinese firm to fund Indo road project

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Asean Affairs 22 January 2011

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China Metallurgical Group Corporations has expressed interest in financing a road construction project worth Rp 1.5 trillion (US$165 million) in Mamuju, West Sulawesi, the regional Chamber of Commerce and Industry (Kadin) says.

After a meeting with a delegation of Chinese firms, West Sulawesi Kadin chairman Harry Warganegara told reporters on Friday that the meeting was a follow-up to the Memorandum of Understanding (MoU) signed in 2010 by the Chinese and Indonesian governments with regards to the funding of future development projects in West Sulawesi.

"This particular Chinese investor is ranked eighth in the world. It's subsidiary has the large capital to fund the project," said Harry.

The Chinese delegation recently proposed a blueprint for the project, which is estimated to begin mid-April 2011. West Sulawesi Governor H Anwar Adnan Saleh attended the presentation.

The decision will rest on the result of the feasibility study that is currently being conducted by the Chinese investors.

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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