State and private companies raise Rp 980 billion

KOMPAS/BENNY DWI KOESTANTO

Indonesian Foreign Minister Retno L.P. Marsudi (fourth right), along with leaders and ministerial officials, plays the tifa traditional instrument to open the Pacific Exposition 2019 on Friday (12/7/2019) in Auckland, New Zealand. The Indonesian government held the event as part of its initiative to improve its diplomatic role in the Pacific through tourism, trade and culture.

AUCKLAND, KOMPAS — The four-day Pacific Exposition held in Auckland recently provided concrete results, as mandated by President Joko “Jokowi” Widodo.

The total value of business cooperation and trade transactions signed by Indonesian state-owned enterprises (SOEs) and private companies with their partners from Pacific countries reached a total of US$70.03 million (Rp 980.4 billion) during the event.