Young tech professionals from Singapore and Indonesia can work and gain experience in each other’s tech industries, according to an agreement signed by the two countries on March 16, 2023. 6 new Memorandums of Understanding (MOUs) were signed at the Singapore-Indonesia Leaders’ Retreat, including the Tech: X Programme. Energy, sustainability, health, and human capital development were all addressed in the agreements.
Singapore Prime Minister Lee Hsien Loong spoke about the progress of bilateral cooperation between the two countries in remarks following the signing of the MOUs. He cited the ratification of the three Expanded Framework agreements, the signing of which was witnessed by Mr Lee and Indonesian President Joko Widodo at the previous retreat.
Mr Lee noted that both countries have “taken a major step forward to resolve three long standing bilateral issues” and are “ready to break new ground in fresh areas of cooperation”. According to Singapore’s Ministry of Trade and Industry, the Tech:X program will allow young tech professionals in Singapore and Indonesia to “pursue growing opportunities in each other’s digital economies”.
According to MTI, the agreement with the Indonesian Coordinating Ministry of Economic Affairs will also “deepen linkages” between the two countries’ tech ecosystems. These Singapore and Indonesian professionals must be under the age of 30, and have a bachelor’s degree or higher from one of the listed universities in both countries. MTI stated that more information about the program will be released when it is ready.
On Thursday, the Singapore Ministry of Education and the Indonesian Ministry of Industry renewed their existing agreement on vocational education and training. In addition, the Bilateral Financial Agreement between the central banks in both countries was extended for the fourth straight year.