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View all search resultsPrabowo pushes for Temasek, Danantara cooperation to develop Batam
Other cooperation includes the sectors of renewable energy and sustainable industrial zones.
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President Prabowo Subianto and his ministers attend the annual leaders’ retreat with Singapore Prime Minister Lawrence Wong and his delegation at the Parliament House in Singapore on June 16. It is the highest-level meeting between Indonesia and Singapore, and the first for both recently inaugurated leaders. (Presidential Secretariat/Laily Rachev)
P
resident Prabowo Subianto has pushed for cooperation between Singapore’s sovereign wealth fund Temasek and Indonesia’s state-asset fund Danantara in the development of Batam, Riau Islands.
In his first state visit to Singapore following his inauguration in October, Prabowo attended the annual leaders’ retreat with Singapore Prime Minister Lawrence Wong in which he expressed the hope of partnership between the funds.
“We look forward to close collaboration between Temasek and Danantara in all sectors, especially the sectors of renewable energy, sustainable industrial zones and the development of Batam, Bintan and Karimun,” said Prabowo on Monday, referring to the three islands that are in proximity of one other.
Prabowo hopes for Temasek’s support in the development of the low carbon energy sector and critical infrastructure in the region with the special economic zones status. It remains unclear in what shape the cooperation could manifest.
In the case of Batam, it is located some 20 to 30 kilometers of the Singapore Strait, equivalent to around an hour-long ferry ride, while Bintan is located east of Batam and Karimun west.
Batam and Singapore are connected with multiple terminals that have ferries departing every day, making it common for people to live in Batam and commute to Singapore daily.
In his address, Prabowo bluntly said that Temasek was Singapore’s achievement that Indonesia copies “with pride” when establishing Danantara. He also added his administration housing program also took some inspiration from the city-state’s own program.
