VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesian President Joko Widodo (Jokowi) and Prime Minister of Singapore Lee Hsien Loong will again hold an annual meeting or the third Leader's Retreat on the sidelines of the World Annual Monetary Fund- Bank Group (IMF-WBG) in Nusa Dua, Bali. The two leaders are scheduled to meet on October 11, 2018 or prior to the ASEAN Leaders Gathering which is also held on the same day. On this occasion, the two heads of state will also sign an agreement related to the Promotion of Investment Protection between Indonesia and Singapore. The agreement is a bilateral agreement related to investments signed by Indonesia and friendly countries. In the future the agreement will be used as a model for strengthening investment between Indonesia and friendly countries. This was explained by the Director of Southeast Asia of the Indonesian Ministry of Foreign Affairs Denny Abdi in a media briefing session held in Jakarta, Thursday, October 4, 2018.

 

"We also encourage investment cooperation between Indonesia and Singapore at that time before the head of state sign an agreement regarding the promotion of investment protection between Indonesia and Singapore. So if you might have known, since 2014 the Indonesian government reviewed the approval of bilateral investment treaty between Indonesia and friendly countries. Now what will be signed with Singapore will be the first bilateral investment treaty that Indonesia has signed with a friendly country. So that it is expected that in the future it will become a model for strengthening investment between Indonesia and friendly countries," said Denny Abdi. 

In addition to focusing on increasing investment cooperation between Indonesia and Singapore, Denny said the meeting between President Jokowi and PM Lee Hsien Loong would also discuss increasing cooperation in training and education. Singapore, which has excellence in the education sector, is expected to become a partner for Indonesia to increase the ability and competitiveness of the young generation in Indonesia, which is quite large. Furthermore, Denny explained that the form of cooperation included the establishment of polytechnics that adopt the Singapore education system and curriculum. One of the polytechnics has been established in Kendal Industrial Park, Central Java and focuses on the furniture or furniture industry. In the future, according to Denny, similar polytechnics will be re-established in a number of regions in Indonesia with different focus in each region. Then at the same time the Indonesian Government will also send Indonesian students to get training and education in a number of educational institutions or institutions in Singapore. (VOI / Rezha/AHM)