VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Eight Memoranda of Understanding (MoU) will be signed at the third annual meeting or Leader's Retreat between Indonesian President Joko Widodo (Jokowi) and Prime Minister of Singapore Lee Hsien Loong in Nusa Dua, Bali on 11 October 2018. The four memorandums of understanding are scheduled to be signed by the minister or minister-level officials, while the other four MoUs will be signed by high officials from relevant institutions / ministries and representatives of State-Owned Enterprises. According to the Director of Southeast Asia of the Indonesian Ministry of Foreign Affairs, Denny Abdi in a media briefing held in Jakarta, Thursday, October 4, 2018 the eight memoranda of understanding are in the fields of investment cooperation, culture, health, maritime, industry, financial technology, and tourism.

 

"The first is the Agreement on Protection of Investment, the second is the Cultural Cooperation Program for 2019-2022, Concerning Cooperation in the Field of Arts and Heritage, the third is the MoU on Health Cooperation, the fourth is the MoU on Financial Technology Cooperation, the fifth is Instrument of Extension for the MoU Concerning Cooperation on the Human Resources Development on the Maritime Field, the sixth MoU is on the Cooperation for Development and Implementation for Industry 4.0, then the seventh and the eighth MoU are on the Program for Financial Technology Learning for Higher Education and MoU on Cruise Tourism cooperation between Pelindo III and Star Cruise," said Denny Abdi. 

Denny further said that several memorandums of understanding to be signed are a follow-up to the previous meeting between President Jokowi and PM Lee Hsien Loong in Singapore in 2017. At the meeting the two leaders agreed to cooperate in the digital economy which has great potential to be developed by both countries. Singapore as a country that has excellent global connectivity is expected to be a hub for Indonesia to develop and expand the digital economy. Indonesia itself has the potential for good digital economic growth with the large number of internet users, penetration of social media users, and cellular phone customers dominated by millenials or the younger generation. (VOI / Rezha/AHM)