Indonesia, Singapore Ink Deals On Economy, Travel Bubbles

Indonesia, Singapore Ink Deals On Economy, Travel Bubbles

JAKARTA, Jan 26 (NNN-ANTARA) – Indonesian President, Joko Widodo, and visiting Singaporean Prime Minister, Lee Hsien Loong, signed agreements yesterday, on economy, travel bubbles and the extradition of fugitives.

At a press conference with Lee, after their meeting in Bintan city, Riau Islands province, Widodo said, the two leaders agreed to strengthen cooperation, to recover the economies of the two countries amid the COVID-19 pandemic.

“The meeting noted new investments worth 9.2 billion U.S. dollars, including those in the field of renewable energy, as well as, a construction of a logistics hub at Tanjung Priok Port in Jakarta,” Widodo said, in a speech broadcast by his official YouTube account.

Singapore is Indonesia’s largest investor with an investment value of 7.3 billion U.S. dollars, from Jan to Sept last year, Widodo noted.

The two leaders also welcomed the signing of defence cooperation, reopening of quarantine-free cross-border travels in Batam and Bintan, extension of a bilateral extradition agreement from 15 to 18 years, and continuation of the Jakarta Flight Information Region (FIR) and Singapore FIR agreements.– NNN-ANTARA  


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