Berita Terkait

Selasa, 27 Agustus 2024

Indonesia Investment Minister Aspires to Elevate Singapore's Investment in Indonesia Beyond USD63.17 Billion

Singapore, August 27th, 2024 – In a strategic meeting aimed at bolstering bilateral economic relations, the Minister of Investment/Chairman of the Investment Coordinating Board (BKPM) of Indonesia, Rosan Roeslani, expressed his goal to significantly increase Singapore's investment in Indonesia, surpassing the current benchmark of USD63.17 billion. This figure reflects the cumulative investment received from Singapore from 2019 to June 2024, accounting for 29.8% of Indonesia's total Foreign Direct Investment (FDI).

Addressing the necessity for greater cooperation, Rosan stated, "Our government's future priorities include advancing the downstream natural resources sector, promoting clean energy, improving health services, and developing human capital." His remarks were made during a pivotal meeting in Singapore, designed to fortify collaborations between the two nations in economic and sustainable investment sectors.


The forthcoming government, led by President-elect Prabowo, intends to maintain the momentum laid by President Jokowi’s leadership. All ministries including the Ministry of Investment/BKPM, are committed to ensuring seamless transition.


Rosan emphasized, "Enhancing the investment climate in Indonesia remains our focus through policy refinement and attractive incentives. We are keen to understand Singaporean entrepreneurs' primary concerns regarding investments in Indonesia."


Meeting with the Prime Minister of Singapore

Minister Rosan Roeslani is scheduled for a high-level meeting with the Prime Minister of Singapore to discuss strategies for strengthening investment ties, particularly in natural resources downstream, clean energy, and workforce development. The discussions aim at laying the groundwork for strategic projects and further solidifying bilateral cooperation.


Singapore’s Response

Tan See Leng, Singapore's Minister of Manpower and Second Minister of Trade and Industry, expressed strong support for Rosan's visit aimed at fortifying the partnership with Indonesia. "We are keen on expanding partnership with Indonesia, including on utilization of LNG Plant and maritime investments such as tankers and bunkering," Tan remarked.


He emphasized the need for discussions on overcoming challenges related to Carbon Capture Storage and the burgeoning Carbon Market in Indonesia, signifying a mutual interest in accelerating progress in these areas.


Additionally, Tan endorsed efforts towards enhanced nutrition for the Indonesian population.


Collaborations with Singaporean Business Leaders

Rosan also convened meetings with key executives from prominent Singaporean firms. Discussions with SP Group revolved around cross-border electricity investments, while a session with SingTel focused on infrastructure, data center, and telecommunications investment opportunities.


Further discussions with Sembcorp target investments in Solar Power Plant projects in the new capital, Kendal industrial zone (Sembcorp Urban), and Batam's telecom infrastructure. Moreover, Rosan engaged with ST Telemedia Global Data Center (STT GDC) regarding plans to boost data center investments.


The inaugural day of this significant visit concluded with dialogues between the Investment Minister and the Singapore Business Federation. This three-day diplomatic visit is slated to proceed from August 26 to 28, fostering deeper economic ties between Indonesia and Singapore.


For further information, please contact:

Ahmad Faisal Suralaga

Head of Communication and Information Services Bureau

Ministry of Investment/BKPM

E-mail: humas@bkpm.go.id


Powered by sagara 2022