KBRN, Jakarta: In October 2025, Indonesia’s Finance Deputy Minister Thomas Djiwandono and Singapore’s Second Minister for Finance Indranee Rajah held a bilateral meeting at the IMF headquarters in Washington DC, where they discussed ways to enhance economic cooperation through green investment, digital economy development, and accelerating the energy transition across the ASEAN region.
The high-level talks focused on key priorities shared by both countries, including strengthening investment cooperation, accelerating the green energy transition, and developing the digital economy and regional carbon markets within ASEAN.
During the meeting, Deputy Minister Djiwandono highlighted Indonesia’s solid economic resilience amid global uncertainties. He shared that Indonesia is targeting a 5.5 percent GDP growth in Q4 2025, with projected foreign direct investment (FDI) inflows ranging between USD 45 to 50 billion next year. This includes 18 energy-related projects valued at USD 38 billion.
“Our focus for next year is on execution, ensuring government programs are implemented effectively from the outset so that development benefits can be felt immediately by the public,” said Deputy Minister Djiwandono, on Monday, October 20, 2025, as quoted by kemenkeu.go.id.
The Indonesian government, he added, is also preparing its 2026 state budget (APBN) with a focus on improving the quality of spending and increasing fiscal efficiency. This includes a 20 percent adjustment in regional transfers to accelerate program implementation and strengthen the central government’s role in national strategic projects.
Initiatives such as the Free Nutritious Meal (MBG) program and affordable housing are expected to generate significant multiplier effects on local economic growth.
Both sides reaffirmed their commitment to deepening cooperation in clean energy and digital transformation. Indonesia reiterated its commitment to achieving Net Zero Emissions, with emphasis on renewable energy infrastructure and participation in the ASEAN Power Grid. Global interest in Indonesia’s digital sector including from tech giant Oracle was cited as a testament to the country’s growing appeal in the innovation space.
“We believe digital economy and clean energy will become new engines of growth. Collaboration with Singapore will help accelerate the creation of a green and innovative investment ecosystem in the region,” he added.
The meeting also covered regional carbon market development and efforts to boost connectivity through joint investment roadshows coordinated with Danantara. Both countries agreed to enhance synergy in order to support a sustainable, interconnected, and highly competitive ASEAN economy. ***
News Recomendation
Loading latest news.....