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Indonesia-Singapore trade volume reaches S$36 billion (US$29.32 billion). Singapore is Indonesia's top foreign investor, with a cumulative total of US$1.14 billion in 142 projects. Trade between the two countries also hit around $68 billion in 2010. At the same time, Indonesia's non-oil and gas exports to Singapore are the highest in the region ...
← 1966 1965 1964 1967 in Singapore → 1968 1969 1970 Decades: 1940s 1950s 1960s 1970s 1980s See also: Other events of 1967 Timeline of Singaporean history The following lists events that happened during 1967 in Singapore. National Service was first introduced in Singapore by Defence Minister, Goh Keng Swee Incumbents President: Yusof Ishak Prime Minister: Lee Kuan Yew Events January 27 ...
Indonesia was an important country in developing the Non-Aligned Movement, hosting the Bandung Conference in 1955. Indonesia had relentlessly pursued its claim to Dutch New Guinea from 1950 to 1962, despite facing multiple setbacks in the UN General Assembly in getting its claim recognised by the international community.
A related matter was the formation of Malaysia. In 1961, Malayan Prime Minister Tunku Abdul Rahman announced a proposal to create a new federation called Malaysia. This was opposed by Indonesia and the Philippines because Indonesia believed the new formation was a form of neo-colonialism while the Philippines claimed eastern North Borneo (Sabah) as part of its territory.
5 November 1967 Shackleton MR.2 WL786 crashed into the sea 120 miles west of Lhokkruet in Indonesia, following an engine fire, eight killed, three survivors including flight engineer, one signaller and a passenger on his way to his son's wedding in Singapore. 19 November 1967 Shackleton MR.3 WR976 crashed into the sea off Land's End during a ...
Bilateral relations between Singapore and Indonesia would remain tense during the next few years after the bombing. Bilateral relations would improve after 1973, when the then- Prime Minister of Singapore , Lee Kuan Yew , in a visit to Indonesia, visited the graves of the two marines and scattered flowers on them, [ 10 ] followed by Suharto's ...
From 1967, the government managed to secure low-interest foreign aid from ten countries grouped under the Inter-Governmental Group on Indonesia (IGGI) to cover its budget deficit. [ 38 ] Suharto's government issued the Domestic Investment Law of June 1968 to allow development of a domestic capitalist class capable of motoring economic growth to ...
In July 1967, the government simplified the export and import procedures in addition to taking a step back and giving private sector an opportunity and assistance to conduct trade. [38] [39] For the year 1967, Indonesia was able to earn $770 million from its exports, although it would spend $805 million from its imports and thus running a trade ...