Taiwan to invest in Sulawesi

PALU (JP): Weifhuan Enterprise Company (WEC), a Taiwan agribusiness company, will invest US$5 million in crab farming in Donggala regency, Central Sulawesi, and a fishing venture at the Tomini bay and Makassar strait, South Sulawesi.

According to the company's representative, Indra Alisauw, who was here yesterday, all the production will be exported to Hong Kong, South Kora and Japan.

"We are only waiting for the investment license from the Investment Coordinating Board (BKPM)," Alisauw was quoted by the Antara news agency as saying.(yns)