Weekly Business

INVESTMENT
Geely Enters Indonesia

THE Chinese automobile brand Geely is to be produced in Indonesia. PT Geely Mobil Indonesia is working with PT Gaya Motor, a subsidiary of Astra. Minister of Industry M.S. Hidayat stated that Geely has allocated an investment of up to US$30 million for production activities. “They will appoint Indonesia as their base of production for the ASEAN, Australia and New Zealand market,” said Hidayat at the House of

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