Indonesia, Singapore Agree to Further Investment and Cooperation

A press release on the website of The President of The Republic of Indonesia looks at the bilateral meeting between President Joko Widodo and Singapore Prime Minister (PM) Lee Hsien Loong at the Singapore Presidential Palace, on Thursday, 16 March 2023, during which the two leaders discussed a number of collaborations in various fields and business sectors.

“Overall in today’s meeting there were 20 letters of intent – private interest – Singapore to invest in IKN Nusantara. Then, 9 B-to-B MoUs in the fields of energy, healthcare and digital. And the 7 G-to-G MoUs, among others, in the fields of energy, health and digital,” said the President in a joint press statement after the bilateral meeting.

Regarding the construction of the Archipelago Capital City (IKN), the President welcomed the high interest of investors from Singapore. In addition, the Head of State welcomed the agreement between the two countries to increase investment in new and renewable energy (EBT).

“Investment in the field of new and renewable energy will be used to fulfill the energy needs of the two countries,” said the Head of State.

Furthermore, the Head of State welcomed the cooperation between the governments of Indonesia and Singapore in the digital field, as well as the development of human resources (HR) in the field of information technology.

“Including (cooperation) on investment and data centers, and cooperation on human resource development in the field of information technology. And currently there are Apple (Developer) Academy and IBM Academy in Batam,” said the President.

President Jokowi also welcomed the cooperation between the two countries in the field of trade, one of which is through Indonesian livestock products to meet needs in Singapore.

“In the field of trade, Indonesian livestock products have begun to enter to supply chicken needs in Singapore,” said the Head of State.

Furthermore, the Head of State welcomed the cooperation between the two countries in terms of strengthening health services in the country.

“(Cooperation) strengthening basic health services and health technology as well as investing in developing hospitals in Indonesia,” said the President.

Source: Website of The President of The Republic of Indonesia, BPMI Setpres

Latest Article
Indonesia Aims for Competitive Investment Climate
Speaking on the sidelines of the World Water Forum (WWF) in Nusa Dua, on Wednesday (22/5/24,) Indonesia’s...
Elon Musk Launches Starlink for Indonesia’s Health Sector 
Local and regional newswires including The Economic Times, are buzzing with news that Elon Musk and Indonesia’s...
Ministry Offering End-to-End Support for Investors
Indonesia’s Ministry of Investment aims to ensure ease of investment in Indonesia by implementing end-to-end...
Indonesia Invites Turkish Entrepreneurs to Invest
Tempo is reporting that Indonesia’s Coordinating Ministry for Economic Affairs has invited around 150...
New Airports Help Boost Connectivity and Improve Living Standards
Antara News is reporting that Indonesia’s Transportation Ministry has said that the 27 new airports built...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.