SoftBank offers to invest up to $40 bil. in Indonesia's new capital

Japan's SoftBank Group Corp. has offered to invest between $30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko "Jokowi" Widodo said Friday.In a meeting last week with Jokowi, SoftBank Chief Executive Officer Masayoshi Son expressed interest in participating in the development of the yet-to-be-named capital and bringing the newest technology and "a lot of artificial intelligence" to the new smart city."The financing structure to develop the new capital is now still being finalized, (but) I will meet Masayoshi again in …READ FULL ARTICLE