Indonesian Political, Business & Finance News

Indonesian Embassy in Kuala Lumpur Calls NTB a Strategic Partner for Malaysia, Targets Green Investment and Zero-Cost Migrant Worker Scheme

| | Source: RADARLOMBOK.CO.ID Translated from Indonesian | Economy
Indonesian Embassy in Kuala Lumpur Calls NTB a Strategic Partner for Malaysia, Targets Green Investment and Zero-Cost Migrant Worker Scheme
Image: RADARLOMBOK.CO.ID

The Embassy of the Republic of Indonesia (KBRI) in Kuala Lumpur facilitated a strategic business meeting titled NTB Investment Economic Engagement. The agenda brought together the Provincial Government of West Nusa Tenggara (NTB) with business players, major investors, and Malaysian financial institutions to boost the investment, tourism, and renewable energy sectors. Indonesian Ambassador to Malaysia, Raden Dato Mohammad Iman Hascarya, praised the significant economic leap of NTB under the leadership of Governor Lalu Muhamad Iqbal. According to him, NTB has now transformed into a new growth centre in Eastern Indonesia that no longer relies solely on tourism. “Today we are not only introducing the potential of NTB to you, but we are introducing the future of NTB, a province that is developing very rapidly and has a clear and sustainable development vision,” said Raden Dato Mohammad Iman Hascarya in Kuala Lumpur on Friday (19/6/2026). The Ambassador also outlined the initiative to establish NTB Capital, which will function as a professional bridge between the regional government and strategic investors, covering the development of the halal industry, Islamic economy, and green investment. In the employment sector, the Ambassador affirmed that the transformation of Indonesian migrant workers from NTB is now directed towards a professional and globally certified system. NTB Governor Lalu Muhamad Iqbal stressed his commitment to realising a zero-cost scheme for prospective migrant workers so they are not trapped in debt. “We want to ensure that migrant workers from NTB depart through a truly zero-cost scheme. There must no longer be burdensome costs,” he asserted. To achieve this, the NTB Provincial Government is building collaboration between Bank NTB Syariah and partner financial institutions in Malaysia so that departure financing is carried out transparently and safely. Currently, Bank NTB Syariah has obtained official permission to distribute People’s Business Credit for migrant workers in order to break the chain of illegal financing. In addition to reforming the employment sector, Iqbal also showcased NTB’s massive green energy potential to Malaysian investors, ranging from solar energy, micro-hydro, to abundant ocean current energy. “The future of NTB is very bright. Our economic growth is not only supported by the mining sector, but also tourism, agriculture, livestock, creative economy, and renewable energy. We invite Malaysian investors to grow together with NTB,” he concluded.

View JSON | Print