Remarks by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong at the 16th Six Bilateral Economic Working Groups Ministerial Meeting Joint Press Conference

I am very happy to be here in Jakarta to attend the 16^th Singapore-Indonesia Six Bilateral Economic Working Groups Ministerial Meeting (6WG MM).

Singapore and Indonesia share a longstanding and deep relationship, built on mutual cooperation and benefits. The annual 6WG MM is a reflection of this strong bilateral partnership that we share.

The global environment today is changing very rapidly. Supply chains are shifting. Trade patterns are changing and evolving. Geopolitical tensions weigh heavily on business confidence.

In this context, the bilateral relationship between Singapore and Indonesia takes on additional, new significance. Our investments into Indonesia continued to be strong in 2025, with Singapore contributing approximately US$17.4 billion in FDI. Singapore remains committed to being a valuable and reliable partner to Indonesia.

During the discussion, we agreed that we will strengthen cooperation in supply chain resilience. Both Singapore and Indonesia recognise that resilient supply chains are important to keep trade flowing even during extreme circumstances. I am glad that we are now strengthening our cooperation in this area, and that both countries will be exploring new ways to complement and support one another.

We also made meaningful progress across several areas.

1. On investment, we discussed how we can facilitate and streamline businesses to operate across both countries to ensure that the investment climate remains attractive for investors. Singapore and Indonesia have been working together to transform the BBK region into a vibrant digital hub and we will jointly undertake a tech sector study to identify opportunities and develop concrete recommendations for the further development of BBK. 

2. The Kendal Industrial Park (KIP) – a flagship Singapore-Indonesia industrial collaboration – will also be expanding by an additional 1,000 hectares in its Phase 2 development. This will catalyse investments, create new jobs, and spur economic growth in Central Java.

In the green economy space, I am encouraged by the progress we are making together.

1. The Sembcorp-PT Sumber Energi Surya Nusantara (SESNA) solar project will be one of Indonesia's largest utility-scale solar projects, featuring a 200 MW solar installation and 80 MWh battery energy storage facility. It is currently under construction and targeted for completion next year.

2. Singapore and Indonesia are also co-developing Indonesia's first biogas-to-biomethanol pilot in North Sumatra through the CRecTech-Pertamina biofuel project. 

3. The Young Farmers Development Programme is undergoing its inaugural run in Singapore. This will deepen Singapore and Indonesia’s cooperation in agritech. Singapore and Indonesia are well-positioned to collaborate — whether on renewable energy or the development of green ecosystems.

The work we are doing together in this space is not just good for our two countries; it also contributes to the broader regional effort to grow sustainably.

Taken together, today's outcomes reflect a partnership that is evolving with the times — one that is responsive to new challenges and anchored in a shared vision for a growing, resilient, and sustainable region.

I want to thank Minister Airlangga and his team for hosting this meeting, as well as the warm hospitality that has been extended to me and my delegation, and for the strong spirit of mutual collaboration that has undergirded our discussions this morning. Singapore looks forward to building on the progress we have made today and beyond for many more years to come. Thank you.