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A Closer Look at the Relationship between Indonesia and Singapore

Monday, November 1, 2021

For about seven years Singapore has been the biggest investor in Indonesia. In 2020, the value of its direct investment in Indonesia was around US$9.8 billion, a 35-percent increase from the year before albeit the Covid-19 pandemic. Even this year, Singapore is still the highest. The trade value between the two neighboring countries is also quite significant. The Covid-19 pandemic has not become a burden or obstacle to the cooperation of Singapor

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