TEMPO.CO, Jakarta - Indonesia is pushing for a strengthened cooperation with Australia in the food and infrastructure sectors through the Indonesia–Australia Business Summit (IABS) for Indonesia Updates 2026. This meeting was part of the efforts to bolster strategic economic partnerships between both countries while offering investments in priority sectors.
In an official statement in Jakarta on Thursday, Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM), Todotua Pasaribu, said Indonesia is committed to maintaining the economic growth momentum by boosting investments.
According to him, Indonesia is targeting 8 percent growth through Prabowo Subianto's Astacita agenda, which focuses on food security, energy security, and industrial downstreaming.
At the forum held in Sydney, Australia, on June 30, Todotua also stated that the Indonesian government is targeting investment realization of Rp3,414 trillion by 2029. Thus, the government is open to investment opportunities in priority sectors: renewable energy, industrial downstreaming, food security, semiconductors, export-oriented manufacturing, healthcare, the Nusantara capital city project, education, and the digital economy.
"Indonesia and Australia are at an opportune moment to strengthen their investment partnership. Both countries have complementary economies, supported by the increasingly mature IA-CEPA framework," he said.
According to him, Indonesia continues to reform the investment climate by simplifying permits, providing fiscal and non-fiscal incentives, and developing industrial and special economic zones.
Therefore, he invited Australian investors to enter Indonesia and help to strenghten the country's infrastructure and food security.
"We invite Australian investors to be part of a new chapter in Indonesia's economic growth through investments focused on downstreaming, infrastructure, food security, energy transition, and the green economy," Todotua added.
The event also saw the signing of a Memorandum of Understanding (MoU) between the Australian Chamber of Commerce and Industry (ACCI) and the Indonesian Chamber of Commerce and Industry (Kadin) concerning cooperation in trade, investment, and the development of business relations between the two countries.
Read: Indonesia, Australia Discuss Regional Security in Cambodia
Click here to get the latest news updates from Tempo on Google News
Why Indonesians Favor Shorter Vacations Across Asia, Australia
1 jam lalu
The latest data report indicates a shift in the travel trends of Indonesian tourists, who now prefer shorter trips to Asia and Australia.
Australia-Vanuatu Deal Bars Foreign Bases in Island Nation
3 hari lalu
Australia and Vanuatu signed a deal seen as countering China's security influence, while Vanuatu also pursues an economic deal with China.
Indonesia, Australia Discuss Regional Security in Cambodia
5 hari lalu
ASEAN and Australia are developing more robust operational standards on immigration and border affairs.
World Cup Roundup: US and Australia Secure Round of 32 Spots
6 hari lalu
Group D wraps up as the US and Australia secure World Cup Round of 32 spots despite a late Turkey upset.
Southeast Asia Boost Defense Ties But Avoids Firm Alliances
7 hari lalu
Countries across the region are expanding defense cooperation in ways that change the South China Sea equation but fall short of a new anti-China bloc
Prabowo Says Australian PM Asked to Buy Fertilizer From Indonesia
8 hari lalu
Prabowo also claimed that many countries have requested fertilizer supplies from Indonesia
Indonesia, Australia Strengthen Energy Security Amid Global Crisis
9 hari lalu
Australia welcomes stronger energy cooperation with Indonesia as the Middle East crisis disrupts global supply chains.
Study: Teen Girls Face Greater Mental Health Risks Linked to Social Media
10 hari lalu
Teenage girls were found to face nearly double the risk of depression associated with higher social media use compared with boys.
What Does Refugee Protection Look Like in Indonesia?
11 hari lalu
UNHCR appreciates Indonesia's commitment and humanitarian responsibility in providing safe and hopeful conditions for refugees.
First Case of H5 Bird Flu Confirmed in Australia
12 hari lalu
A migratory seabird tested positive for the H5 bird flu strain in Western Australia, ending the continent's virus-free status.
