Indonesia, Nov 11 — Malaysia and Indonesia will continue to strengthen bilateral and economic cooperation with the signing of several Memorandum of Understanding (MoUs) as well as agreements between several ministries, government agencies, and private sector firms from the two ASEAN countries.
According to the Minister of Foreign Affairs, Dato ‘Saifuddin Abdullah, this cooperation and agreement is a follow-up to the meeting between Prime Minister Dato’ Sri Ismail Sabri Yaakob and Indonesian President Joko Widodo held recently.
“Among the Memorandum and agreement signed is the Cooperation and Mutual Assistance on customs matters and cooperation in the field of education“, which was witnessed by Dato’ Sri Ismail Sabri and Joko Widodo at the Bogor Palace said Dato Saifuddin.
In addition, Bernama and AntaraNews of Indonesia have agreed to develop collaborations in areas such as technical training and news exchange on various platforms such as television content and digital news.
In regards to trade, Destini Berhad and PT INKA entered into cooperation through an MoU in the exploration of railway and infrastructure projects, while Country Heights International Sdn Bhd and Pancakarya Griyatama signed a Memorandum of Agreement for property development in Tangerang, Greater Jakarta.
According to Dato Saifuddin, Penjana Kapital Sdn Bhd has also selected AC Ventures as its Venture Capital Fund Manager for the national fund generator program, which aims to bridge the funding gap as well as create an environment for start-ups to expand their business in the international market.
Saifuddin added that as ASEAN countries that share similar culture, language, economic ties, and cooperation in various fields, Malaysia and Indonesia are not only able to strengthen cooperation between the people, but also expand the potential of economic cooperation.