Indonesia will ‘copy’ Singapore’s successful policies with pride, says President Prabowo

Indonesian President Prabowo Subianto said he had spent some time in Singapore when he was a boy and witnessed the early days of Singapore’s development. -- ST PHOTO: JASON QUAH

SINGAPORE (The Straits Times/ANN): 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, said Indonesian President Prabowo Subianto during a state visit on Monday (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 this year – its version of Singapore’s Temasek.