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Indonesia Will 'Copy' Successful S'pore Policies With Pride: Prabowo
The Straits Times
|June 17, 2025
Singapore has done well in providing housing for its people and in managing its reserves for future generations, and Indonesia has copied these policies with pride, Indonesian President Prabowo Subianto said during a state visit on June 16.
To this end, Indonesia is pushing ahead with its initiative to build one million apartments to house lower-income citizens, modelled after Singapore's HDB programme, and also set up sovereign wealth fund Daya Anagata Nusantara, or Danantara, earlier in 2025 – its version of Singapore's Temasek.
Speaking during a joint press conference with Prime Minister Lawrence Wong at Parliament House, Mr Prabowo said he had spent some time in Singapore when he was a boy and witnessed the early days of Singapore's development.
"To be very frank, I have always admired the success of Singapore, and especially the success of the early leaders of Singapore, the leadership, statesmanship," said the Indonesian President.
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