Bali , Indonesia ( CNN ) -- U.S. President Barack Obama met Friday with his Indonesian counterpart in Bali as he prepares to conclude an eight-day trip to the Asia-Pacific region . The meeting with Indonesian President Susilo Bambang Yudhoyono came ahead of Obama 's participation in the East Asia Summit , a first for a U.S. president , according to the White House . The summit serves as a forum for the region -- which accounts for more than half of the world 's gross domestic product -- to create dialogue on issues relating to politics , security and the economy . Obama is expected to meet Saturday with Thai Prime Minister Yingluck Shinawatra before the East Asia Summit session , after which he will depart for home . As part of their talks Friday , Yudhoyono and Obama announced a $ 600 million deal through the Millennium Challenge Corporation `` to support environmentally sustainable economic development through clean energy projects and sustainable landscapes projects , community-based nutrition programs , and procurement modernization , '' according to the White House . The leaders also reaffirmed their partnership and `` commitment to strengthen democracy and human rights in their own societies . '' Earlier Friday , Obama took part in the Association of Southeast Asian Nations ( ASEAN ) economic summit and hailed an airplane sales deal between Boeing and an Indonesian airline . Obama held bilateral talks with India , the Philippines and Malaysia before the ASEAN meeting . He also attended a gala dinner for East Asian leaders Friday wearing a traditional Indonesian shirt . Meanwhile , ASEAN leaders agreed that Myanmar can chair the regional bloc in 2014 , amid some signs of reform . Some critics say it is still too early to award the high-profile role to Myanmar , where 600 to 1,000 political prisoners are believed to remain behind bars . Coinciding with the agreement , Obama announced that U.S. Secretary of State Hillary Clinton plans to visit Myanmar next month on a trip that could signal a major change in relations between the two countries . He made the announcement after talking with pro-democracy leader Aung San Suu Kyi . Clinton 's trip is an indication that Myanmar , also known as Burma , has made some progress toward democracy and that the time could be right to forge a new relationship between the nations , the White House said . The Asian leg of Obama 's trip follows two days in Australia , where he declared that the United States will increase its military presence and expand its role in shaping the Asia-Pacific region . `` Our enduring interests in the region demand our enduring presence in this region , '' Obama told the Australian Parliament . `` The United States is a Pacific power , and we are here to stay . '' He announced an agreement with Australia on Wednesday that will expand military cooperation between the longtime allies and boost America 's presence in the region . Before departing Australia for Indonesia , the president , along with some U.S. Marines , visited a military base in Darwin . While speaking to the troops there , Obama thanked them for their service and praised the two nations ' alliance , which is now 60 years old , and said he looks forward to a deepening of the alliance . The president 's Australian visit -- postponed twice in 2009 and 2010 due to the massive oil spill in the Gulf of Mexico and other domestic political considerations -- highlights a changing balance of power in the Pacific as China expands its military reach and the United States works to reduce its military footprint in Japan .
Obama meets with Indonesian president . The White House says the two leaders discussed a range of issues including terrorism, piracy and climate change. He will also meet with the Thai prime minister before departing for home . The Asian leg of Obama 's trip follows two days in Australia .