Indonesia Highlights: Indonesia to Lift Travel Ban for Foreigners amid Partial Lockdown | Indonesia Seeks Investments from Singapore | Indonesian Rail Operator Cancels All Surabaya-Jakarta Routes due

February 22, 2021, 12.02 AM
A file photo of State-Owned Enterprises Minister Erick Thohir who is also the chief executive of the newly established Covid-19 Handling and National Economic Recovery Committee delivering his speech at an event dated July 17, 2020. ANTARA FOTO/Dhemas ReviyantoA file photo of State-Owned Enterprises Minister Erick Thohir who is also the chief executive of the newly established Covid-19 Handling and National Economic Recovery Committee delivering his speech at an event dated July 17, 2020.

Indonesia Seeks Investments from Singapore

Indonesia's State-Owned Enterprises Minister Erick Thohir invited Singapore to invest in the energy, tourism, and financial sector in the country, following the establishment of its Sovereign Wealth Fund or known as Indonesia's Investment Authority (INA).

Erick said that the government has been working relentlessly to keep the wheels of the economy turning amid the pandemic. In the next three years, the State-Owned Enterprises Ministry will carry out 88 big projects or investments.

Therefore, during his working visit to the City-State the minister invited Singapore to be part of the projects as Indonesia welcomes investment from foreign investors.

"President Joko Widodo has formed and appointed professionals to handle Indonesia's Sovereign Wealth Fund or INA. Many prospective projects are being prepared as they will provide good returns, "said Erick in a statement on Sunday, February 21.

The minister highlighted three areas for collaboration namely energy, tourism, and the financial sector. Erick expressed hope that the invitation to invest in Indonesia will be further discussed.

Source: https://go.kompas.com/read/2021/02/21/133922674/indonesia-seeks-investments-from-singapore.

Page:


Recommendation


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
February 26, 2021, 03.00 PM

Brisbane Snags Preferred Bid for 2032 Olympics

News
February 24, 2021, 06.43 PM

World Leaders Discuss Global Covid-19 Recovery

News
February 24, 2021, 04.52 PM

In-Class Learning May Resume in July, Jokowi Says

News
February 24, 2021, 03.52 PM

US golfer Tiger Woods in Hospital After Car Crash

Close Ads X