“Indonesian and US companies on Feb 18 signed deals worth US$38.4 billion (S$48.7 billion), ahead of Indonesian President Prabowo Subianto’s meeting with US President Donald Trump to sign a final trade pact, the Indonesian government said in a statement.”
“The council said Indonesia would also buy one million tonnes of wheat in 2026 and up to five million tonnes by 2030.”
“The deals include a memorandum of understanding between US mining group Freeport-McMoRan and the Indonesian Ministry of Investment for critical minerals cooperation, and an agreement between state oil producer Pertamina and Halliburton to cooperate on oilfield recovery, USABC said.”
“The deals also include two semiconductor joint venture agreements, one valued at US$4.89 billion between Essence Global Group and an Indonesian partner, and another unvalued venture involving Tynergy Technology Group.”
“There were no details provided about a “transnational free trade zone” pact signed by Indonesian industrial park developer Galang Bumi Industri and Solanna Group.”