Stronger Indonesia-Singapore ties could reinforce ASEAN’s economic resilience.
Indonesia and Singapore are looking to deepen their longstanding partnership as both countries seek to strengthen economic resilience and support ASEAN’s competitiveness in a changing global economy.
Indonesian Minister of Investment and Downstreaming Rosan Perkasa Roeslani highlighted the importance of the bilateral relationship while speaking at the Singapore National Day Reception in Jakarta on August 19.
Describing Singapore as more than a neighbouring country, Minister Roeslani called the two nations “kindred brethren”, reflecting their close geographical, historical and cultural ties. He said these longstanding connections have also supported a strong economic partnership between the two countries.
Singapore has consistently remained Indonesia’s largest source of foreign direct investment (FDI), with investments extending across areas including financial services and human capital development. For Indonesia, this relationship provides an important foundation for expanding cooperation into emerging sectors.
“Together, we can create a partnership that is not only mutually beneficial, but also contributes to ASEAN’s long-term competitiveness and resilience,” Minister Roeslani said, according to a statement released by the Embassy of the Republic of Singapore in Jakarta.
The minister’s remarks come as the global economy faces growing pressure to strengthen supply chains, secure energy supplies, accelerate technological innovation and pursue sustainable growth. These shifts, he said, create opportunities for Indonesia and Singapore to build on their complementary economic strengths.
Indonesia offers significant opportunities in industrial development, downstream processing, renewable energy, digital infrastructure and the emerging AI economy. Singapore, meanwhile, brings expertise in finance, technology, innovation and international connectivity.
By combining these strengths, the two countries can expand investment and create new opportunities while supporting wider economic resilience across Southeast Asia.
The partnership is also set to gain further momentum as Indonesia and Singapore prepare to commemorate 60 years of diplomatic relations next year. Minister Roeslani expressed confidence that continued trust, mutual respect and a shared vision could help both countries deepen their cooperation.
“With trust, mutual respect, and a shared vision for the future, our countries will continue to grow, innovate, and prosper together,” he said.
Minister Roeslani, who also serves as CEO of Indonesia’s sovereign wealth fund Danantara Indonesia, concluded by congratulating Singapore on its 61st National Day.
He expressed hope that Singapore would continue to thrive and that the friendship between the two countries would continue to deliver greater prosperity for their peoples.
As Indonesia and Singapore look towards the next chapter of their relationship, their cooperation could also play a wider role in supporting a more competitive and resilient ASEAN.
Source: ANTARA News
