JAKARTA - Singapore Prime Minister Lawrence Wong emphasized that his country has full confidence in Indonesia's future. This trust does not stop at diplomatic statements, but is reflected in Singapore's continued investment in Indonesia.
The statement was made by Lawrence Wong during a joint statement with President Prabowo Subianto at the Merdeka Palace, Jakarta, Monday, July 6.
"Singapore has full confidence in Indonesia's future. We want Indonesia to succeed because the future of our two countries is closely linked," said Lawrence Wong.
According to Wong, Singapore has consistently invested in Indonesia and will continue to do so. He emphasized that investment is not just a flow of capital.
Wong said Singapore's investment in Indonesia has created businesses, downstream industries, digital infrastructure, economic opportunities, and jobs for the Indonesian people.
"Investment creates a business world, downstream industries, digital infrastructure, various opportunities, and good jobs for the Indonesian people," said Wong.
He said Singaporean companies still see many opportunities in Indonesia. One example mentioned was the Batam, Bintan, and Karimun or BBK area.
According to Wong, investor interest in the BBK area remains strong. The area is now developing into a dynamic digital economic center and attracting large companies to invest.
"Investor interest in the Batam, Bintan, and Karimun areas remains very strong," said Wong.
Apart from BBK, Wong highlighted the Kendal Industrial Area. This year, the industrial area entered its 10th year and was said to be one of the success stories of cooperation between the two countries.
Wong said the Kendal Industrial Estate had reached full capacity and would be expanded again by 1,000 hectares. The expansion is expected to encourage new investment, create jobs, and support Indonesia's sustainable development and growth.
"The area has reached full capacity and will now be expanded again to 1,000 hectares," said Wong.
With increasingly close trade and investment relations, Wong said Singapore and Indonesia are also committed to strengthening supply chain resilience. The goal is for the two countries to be able to support each other when facing shocks from outside.
"With the increasingly close trade and investment relations, we are also committed to strengthening supply chain resilience," said Wong.
He said Singapore and Indonesia must continue to look ahead. According to Wong, cooperation between the two countries can create more opportunities for the community, strengthen mutual resilience, and increase the competitiveness of Indonesia, Singapore, and the ASEAN region.
Wong said the commitment to expand cooperation was reflected in the many agreements and memorandums of understanding signed at the meeting.
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