News

Economy

Staff Reporter

, Singapore

Published:

1 year ago

302 views

Photo from press release./

SG and Indonesia strengthen ties with two new commercial deals

The two also discussed collaboration in healthcare and the green economy.

Singapore and Indonesia have deepened economic cooperation with the signing of two new commercial arrangements during the 15th Singapore-Indonesia Six Bilateral Economic Working Groups Ministerial Meeting (6WG MM).

This included Singapore's Sembcorp Development and Indonesia’s PT Batamraya Sukses Perkasa inking an affirmation letter on their commitment to collaborate on low carbon industrial parks in BBK.

Moreover, Singapore Semiconductor Industry Association signed a Memorandum of Understanding (MoU) with the Indonesian Chamber of Commerce and Industry.

The MoU will focus on expanding market access through enhanced collaboration between both countries’ semiconductor and electronics ecosystems.

The two also discussed collaboration between businesses and investment opportunities in sectors including industrial infrastructure, healthcare, and the green economy.

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