Jakarta — Singapore’s Deputy Prime Minister Teo Chee Hean said on Thursday (10/08), during the city-state’s 52nd National Day celebration in Jakarta, that his country is committed to continuing partnerships with Indonesia that will benefit both countries. “Singapore and Indonesia have strong commitments for more cooperation, we hope this relationship will usher both countries toward more prosperity and development,” Chee Hean said during his opening remarks at the event. The Singapore National Day is observed on August 9. Deputy prime minister added Singapore seeks to enhance business ties and people-people relations, which already includes regular exchanges between the countries’ business leaders and government officials. Last year, Singaporean investments in Indonesia amounted to more than US$13 billion, which means the tiny city-state remains Indonesia’s largest source of investment. Kendal Industrial Park, a joint venture between Singapore’s Sembcorp Development and Indonesia’s industrial estate developer Jababeka, is an example of a strong Indonesia-Singapore partnership, according to deputy prime minister. He said total investment in the industrial park – located in Semarang, Central Java – has reached US$360 milllion. It has also provided jobs for around 4,000 Indonesians. This is Chee Hean’s second visit to Indonesia this year, part of a series of high-level visits by officials from both countries to commemorate the 50th anniversary of diplomatic relations between Indonesia and Singapore. President Joko Widodo and Prime Minister Lee Hsien Loong will commemorate the milestone on September 7, when the two leaders meet for the annual Leader’s Retreat in Singapore. “Rising 50” has been adopted as the tagline for the anniversary – an acronym for “Republic of Indonesia and Singapore – 50 years.” “We hope this relationship, based on mutual trust and understanding, will continue to broaden and deepen in the future,” Singapore’s Ambassador to Indonesia Anil Kumal Nayar said. Indonesia and Singapore are close partners in promoting regional peace and stability, and have worked together on various regional and multilateral platforms as well. Both countries are also founding fathers of the Association of Southeast Asian Nations (ASEAN). “A conducive regional environment has allowed both countries to tap the peace dividend and grow together, including by leveraging each other’s potential for mutual benefit and to strengthen a solid foundation for mutual cooperation,” Minister of Industry Airlangga Hartarto said. Airlangga added strong cooperation is ever more crucial in the new era of digital economy and the Internet of Things, which offer a variety of challenges, including cyberterrorism. “There is no other options for both countries except to continue working together in a spirit of partnership,” Airlangga said.