Singapore's Temasek Holdings continues to expand its investment footprint in Indonesia, covering multiple sectors such as green energy, healthcare, telecommunications, and retail, with full support from the Indonesian government. On July 18, 2025, Indonesia's Coordinating Minister for Economic Affairs met with the Chairman of Singapore Telecommunications (Singtel), who is also a Temasek board member, in Jakarta. The two sides discussed the potential for collaboration between Temasek and Indonesia's New Energy Authority (BPI Danantara), as well as support for Indonesia's energy transition and green industrial zone development. Temasek's investments in Indonesia have a long history, carried out through its subsidiaries and strategic investment plans. Four listed companies are closely tied to Temasek's portfolio. Temasek's global portfolio exceeds USD 280 billion, and Indonesia is its core market in Southeast Asia. It will continue to expand existing investments and explore new partnerships. Indonesia stated that Temasek has made significant contributions to the country's economic development through venture capital and capital injections into startups, and the government is willing to open new collaboration spaces through Danantara or partnerships with state-owned enterprises. Singapore said that Indonesia is an important partner in Temasek's portfolio development and will continue to expand its investments in Indonesia. Both sides will focus on sustainable development areas, including green energy and telecommunications, in line with their long-term growth strategies.