'Trusted partners with a shared stake': Defence, energy cooperation among 18 agreements inked between Singapore and Indonesia
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The partnership between Singapore and Indonesia is deep, and the two countries are trusted partners with a shared stake in one another, said Prime Minister Lawrence Wong on Monday (July 6).Speaking at a joint press conference with Indonesia President Prabowo'Trusted partners with a shared stake': Defence, energy cooperation among 18 agreements inked between Singapore and Indonesia
The partnership between Singapore and Indonesia is deep, and the two countries are trusted partners with a shared stake in one another, said Prime Minister Lawrence Wong on Monday (July 6).Speaking at a joint press conference with Indonesia President Prabowo Subianto at the Istana Merdeka, PM Wong also underscored Singapore's confidence in Indonesia's future, reiterating that the city-state has been investing consistently in Indonesia over many years.«We want Indonesia to succeed, because our futures are closely linked, and our confidence in Indonesia is reflected in our actions,» he said.Since 2014, Singapore has consistently been Indonesia's largest source of foreign direct investment (FDI). Last year, FDI from Singapore to Indonesia amounted to US$17.4 billion (S$22.4 billion).The two leaders witnessed the exchange of 18 agreements spanning areas such as carbon credits collaboration, defence cooperation, and energy collaboration, after holding their annual Singapore-Indonesia Leaders' Retreat. Read more














