Singapore, Indonesia pledge to enhance cooperation on logistics and trade
Singapore and Indonesia have committed to continue work to improve connectivity between the two nations, as travel restrictions ease and economic activities on both sides resume.
Singapore (VNA) – Singapore and Indonesia have committed to continue work to improve connectivity between the two nations, as travel restrictions ease and economic activities on both sides resume.
The commitment was made by Singapore Minister for Trade and Industry Gan Kim Yong and Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto at the 12th Singapore-Indonesia Six Bilateral Economic Working Groups Ministerial Meeting on August 31, The Straits Times reported.
The meeting is an annual affair to discuss economic initiatives between the countries in six areas namely Batam, Bintan, Karimun and other special economic zones, investment, manpower, transport, agri-business as well as tourism.
According to Singapore’s Ministry of Trade and Industry (MTI), at the meeting, both ministers reaffirmed their commitment to strengthen bilateral economic ties to capture growth opportunities amidst the easing of COVID-19 restrictions and resumption of economic activities on both sides.
They said that key outcomes, including the completion of the Singapore-BBK Logistics Ecosystem Joint Study by the Singapore Economic Development Board and the Indonesia Coordinating Ministry of Economic Affairs, will help improve logistics connectivity between Singapore and the BBK region.
Other outcomes of the meeting were the waiver of business visa requirements for Association of Southeast Asian Nations (ASEAN) citizens conducting short business trips to BBK and facilitating collaboration between Enterprise Singapore and the Indonesia Investment Coordinating Board in the healthcare, digital economy and sustainable infrastructure sectors.
The ministers also agreed on expanding the cooperation of agri-business as well as signed an agreement for an exchange programme to develop tech talent between the two countries.
Singapore and Indoneওsia share close trade and investment ties. Last year, Indonesia was the Republic's largest trading partner, with bilateral trade amounting to 59.1 billion USD. Singapore has also been Indonesia's top source of foreign direct investments since 2014, and its investments in Indonesia amounted to 9.4 billion USD last year, said MTI./.
Indonesia and Singapore plan to build an international container port in Kendal industrial park - a joint venture between the two countries - in Central Java of Indonesia, Singapore's Finance Minister Lawrence Wong has said.
Over 230 servicemen from the Singapore and Indonesian navies gathered in a six-day bilateral military exercise starting on August 11, which aims to strengthen their coordination ability to counter underwater threats.
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
