Rosan Roeslani, Minister of Investment/Head of the Investment Coordinating Board (BKPM) of the Republic of Indonesia, signed a memorandum of understanding (MoU) with Chew Hua Seng, Chairman and CEO of Raffles Education Limited, a company operating in the education sector from Singapore.
The MoU contains a framework for partnership between Indonesia and Raffles Education, primarily in providing promotion and facilitation of investment potential in the education sector in Indonesia, one of which is to produce adequate human resources.
This facilitation can take the form of providing high-quality education and be in line with the needs of the workforce in Indonesia, especially the Capital of the Archipelago.
“This MoU is a collaborative framework between the Ministry of Investment and Raffles to facilitate investment potential in the education sector in Indonesia”, said Rosan in an official statement,
Rosan hopes that this MoU can improve good relations between the two parties and can develop collaboration on a wider scale, including joint studies to discuss investment potential in the education sector, development of state-of-the-art educational facilities, including collaboration in developing the capacity of teaching staff, administrators, and institutions. local education.
“This collaboration is also part of improving the quality of human resources and labor in Indonesia so that it can match existing labor market demands” Rosan added.
Rosan visited Singapore at the beginning of this week, to raise investment from Singapore to Indonesia. He targets investment from Singapore to increase to above US$63.17 billion.
In the meeting between Rosan and Singapore PM, Lawrence Wong, discussed several important topics ranging from geopolitical conditions and investment potential in the infrastructure, health, industrial areas, new renewable energy, education, food security, and manufacturing sectors.
Rosan highlighted the importance of Singapore as Indonesia’s partner in the economy and investment, considering that Singapore has always been ranked first in investment realization in Indonesia for almost the last 10 years.
PM Wong stated his optimism regarding Indonesia’s current economic growth. Amid conditions of high geopolitical tension, PM Wong expressed the need to increase closer and more complementary bilateral relations between countries, including Indonesia and Singapore.
Wong explained the interest and commitment of several Singaporean companies to invest in Indonesia, including the potential for Carbon Capture Storage (CCS), industrial areas, and power plants in Batam, Bintan, and Karimun (BBK).
“We see opportunities for data center development in Singapore and Indonesia with the high growth of start-up technology companies. In this case, the electricity source requires a green energy supply. Indonesia has the potential for green energy such as hydro, wind, geothermal and solar. Indonesia also has great CCS potential, and Singapore will become a CCS user, this is another big potential. “We hope to cooperate closely”, explained Wong.
Rosan said that the Indonesian Government provides super tax deduction incentives for investors who provide training and vocational facilities.
“Essentially, the Indonesian government is also focused on improving human capital”, he explained.
At the end of the meeting, PM Wong mentioned his plans to visit Jakarta near the inauguration of President-Elect Prabowo Subianto as the 8th President of the Republic of Indonesia.