Inp.polri.go.id - Jakarta. President Prabowo Subianto has encouraged a strategic partnership between Singapore’s Temasek Holdings and Indonesia’s sovereign wealth fund, Danantara, to drive investment in renewable energy and sustainable industry.

“We look forward to close collaboration between Temasek and Danantara, especially in renewable energy, sustainable industrial zones, and the Batam, Bintan, and Karimun regions,” he said during a joint press statement with Singapore PM Lawrence Wong on Monday (16/6/2025), as quoted by antaranews.com.

Danantara, launched earlier this year, is modeled after Singapore’s Temasek and focuses on long-term investments in clean energy and eco-industrial development.

President Prabowo praised Singapore’s major contribution to Indonesia’s economy, noting that one-third of Indonesia’s foreign direct investment (FDI) in 2024 came from the city-state.

“We copied Singapore’s success with pride,” he added. “In school, copying is not allowed, but in real life, adopting best practices is smart.”

(mg/inp/pr/rs)