The two ministers discussed deepening collaboration on businesses and investment opportunities in both countries, including in industrial infrastructure, healthcare and the green economy.
Singapore (VNA) – Singapore and Indonesia held the 15th Six Bilateral Economic Working Groups 🦩Ministerial Meeting (6WG MM) to evaluate progress in cooperation across six strategic sectors on June 15.
Singapore’s Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto co-chaired the meeting.
The 6WG is an economic platform between Singapore and Indonesia to advance economic cooperation in the Batam, Bintan and Karimun (BBK) region and other special economic zones, investments, manpower, transport, agribusiness and tourism.
The two ministers discussed deepening collaboration on businesses and investment opportunities in both countries, including in industrial infrastructure, healthcare and the green economy. Growing investor interest in the BBK region was welcomed, along with the progress in human capital development.
Initiatives to advance agritech collaborations and new trading opportunities for Indonesia and Singapore businesses were also reviewed. Both ministers reaffirmed the commitment to deepen business connectivity between the two countries.
Two commercial arrangements were also inked during the 6WG meeting. The first was between Sembcorp Industries and Batamraya Sukses Perkasa, a subsidiary of property developer Panbil Group.
The two companies signed a letter affirming their commitment to collaborate on low-carbon industrial parks in the BBK region. Sembcorp and Panbil are jointly developing the 100-hectare Tembesi Innovation District, which aims to attract sustainability-focused and high-value tenants, and will generate 20,000 jobs when it is fully developed.
A memorandum of understanding was inked between the Singapore Semiconductor Industry Association and the Indonesia Chamber of Commerce and Industry. The two associations will partner to expand market access via enhanced collaboration between semiconductor and electronics companies in Singapore and Indonesia.
Bilateral trade between Singapore and Indonesia has grown over the past few years, reaching 57.6 billion USD in 2024. Indonesia ranks among Singapore’s largest trading partners, and Singapore has been the top source of Indonesia’s foreign direct investment since 2014, with more than 20.1 billion USD in 2024./.
The cooperation between Indonesia and New Zealand covers several fields, including economy, trade, investment, and education. In the economic sector, the ministers agreed to encourage more balanced and sustainable trade to achieve the bilateral trade target of 6 billion NZD (3.62 billion USD) by 2029.
Cooperation between Indonesia and Japan is expected to strengthen and yield mutual benefits in the near future, according to an Indonesian trade official.
On renewable energy, Singapore and the Philippines agreed to deepen both bilateral and regional cooperation, and to accelerate efforts towards realising the ASEAN power grid, a plan to connect the electricity networks of the group’s 10 member countries to enable cross-border power trading by 2045.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
