Rosan Roeslani, the Minister of Investment and Head of the Investment Coordinating Board (BKPM) of Indonesia, signed a memorandum of understanding (MoU) with Chew Hua Seng, Chairman and CEO of Raffles Education Limited, a Singapore-based education company. The MoU outlines a collaborative framework aimed at promoting and facilitating investment opportunities in Indonesia's education sector. This partnership seeks to enhance human resource development and other investment potentials in the country.
This facilitation can take the form of providing high-quality education and be in line with the needs of the workforce in Indonesia, especially 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, quoted Thursday, August 29 2024.
Rosan Roeslani hopes that this MoU will strengthen relations between the two parties and expand their collaboration. This includes conducting joint studies to explore investment opportunities in the education sector, developing cutting-edge educational facilities, and working together to enhance the capacity of teaching staff, administrators, and local educational institutions.
At the beginning of this week, Rosan visited Singapore 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, the two 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 emphasized 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.
Prime Minister Wong expressed optimism about Indonesia’s current economic growth and emphasized the importance of strengthening closer and more complementary bilateral relations amid high geopolitical tensions. He highlighted the interest and commitment of several Singaporean companies to invest in Indonesia, including potential projects in Carbon Capture Storage (CCS), industrial zones, 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 cooperation closely”, explained Wong.
Rosan stated that the Indonesian government offers significant tax deduction incentives to investors who establish training and vocational facilities. “In essence, the Indonesian government is also dedicated to enhancing human capital,” he explained. At the conclusion of the meeting, PM Wong shared his intention to visit Jakarta around the time of President-Elect Prabowo Subianto's inauguration as the 8th President of the Republic of Indonesia.
