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Indonesia looks to attract more investment from Singapore

Indonesia's Investment Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM), is currently on a visit to Singapore with a view to attracting more investment to the archipelago nation.

Part of Central Kalimantan province on Borneo Island, where the new capital of Indonesia is being built. (Photo: AFP/VNA)
Part of Central Kalimantan province on Borneo Island, where the new capital of Indonesia is being built. (Photo: AFP/VNA)

Jakarta (VNA) - Indonesia's Investment Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM), is currently on a visit to Singapore with a view to attracting more investment to the archipelago nation.

During the three-day trip until August 28, he is set to meet with Singaporean Prime Minister Lawrence Wong to look into the increase of investment and cooperation in key sectors, including downstream natural resources, clean energy, and human resources development, which are among priorities of Indonesia.

Meeting the Indonesian official on August 26, Singapore's Minister for Manpower and Second Minister for Trade and Industry Tan See Leng said there remains much potential for bilateral cooperation, especially in the fields of natural gas and logistics.

The two countries also need to further discuss the challenges in implementing carbon capture and storage and the relatively new carbon market in Indonesia to accelerate collaboration in this area, he noted.

Singapore's investment in Indonesia reached 4.6 billion USD in the second quarter of 2024. From 2019 to June 2024, the figure stood at 63.17 billion USD, or 29.8% of the total foreign investment in Indonesia, according to BKPM./.

VNA
#Indonesia#Singapore#Singaporean Prime Minister#Lawrence Wong#carbon market#Singapore's investment in Indonesia
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