Myanmar and Indonesian businesspeople signed memorandums of understanding on cooperation at Indonesia EXPO 2026 held on 30-31 October at the Novotel Hotel in Yangon.
The MOUs between business leaders from the two countries were signed and exchanged on 30 October.
The MoUs covered cooperation in the energy sector, the education sector and cooperation among banks, according to Ahmad Jaka, commercial counsellor of the Indonesian Embassy in Myanmar.
A memorandum of understanding on education loans was also signed by the Myanmar representative office (Nyana Empowers Co Ltd) of the Pahkasa flight training school and UAB Bank, to ease financial arrangements for Myanmar students attending the Pahkasa flight training school in Indonesia.
More than 70 booths were displayed at Indonesia EXPO 2026, including Indonesian booths and booths from partner countries. Seven Indonesian universities exhibited, along with energy companies, food and kitchenware booths, tourism booths and Indonesian batik booths.
Business discussions between Myanmar and Indonesia were also held during the two-day expo.
Indonesia eyes investing in Myanmar’s energy sector and hopes the expo will lead to closer, stronger economic agreements between the two countries. — ASH/KK
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