TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) chairman Thomas Lembong is confident that US Vice President Mike Pence’s visit to Indonesia will help boost Indonesia’s economy.

“I believe that the most important thing for businessmen is win-win, practical and common-sense priority setting and uncomplicated,” Lembong said at Shangri-La Hotel in Jakarta on Friday, April 21, 2017.

Read: Indonesia Trump Administration Strengthen Economic Ties

Lembong said that he is pleased with the signing of memoranda of understanding with the United States. He said that the US boasts quality, technology, and prominent brands. He predicts that the cooperation will help improve efficiency and economic productivity.

Today, US Vice President Mike Pence and Vice President Jusuf Kalla witnessed the signing of investment deals worth in excess of US$10 billion. Mr. Pence said that the cooperation will help strengthen bilateral relations between Indonesia and the United States.

The investment deals involve several companies. That includes agreements between Applied Materials and PT PLN, Exxon Mobil and Pertamina, Greenbelt Resources and Jababeka Infrastructure, Lockheed Martin and The Indonesian Air Force (TNI AU) in defense.

Read: Mike Pence Signed 8 Billion Dollar Deal during Indonesia Visit

Also Honeywell and PT Dirgantara Indonesia, General Electric and PLN, Nextgen and Samarinda Municipality, Powerphase and PT Indonesia Power/PT Pembangkitan Jawa Bali, Ormat and PLN, as well as Pacific Infra Capital and PLN.

US Vice President Mike Pence said that Indonesia has strong and long-lasting economic ties with the country and its businesses. He added US companies and their Indonesian counterparts have contributed greatly to the economic ties between the two countries.

ARKHELAUS W