Venture to Indonesia with IE Singapore

Brimming business potential 

Singapore has been among the top three foreign investors in Indonesia for the past few years – a testament to Indonesia's brimming business potential. With both countries committed to bolstering long-standing economic ties through establishing an Indonesia-Singapore Business Council in 2017, now is a good time for Singapore companies to expand into Indonesia.

 

The Business Times explains why Indonesia's economic transformation is picking up steam and what this means for companies looking to do business there. Read more

 

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Investment made easier

President Joko “Jokowi” Widodo ratified much-awaited changes to Indonesia’s Negative Investment List (Daftar Negatif Investasi) in May 2016, making it easier for investors to do business in Indonesia. These changes are meant to reduce red tape, develop Indonesia’s ecosystem of small and medium enterprises, and attract greater foreign investment.

 

Our Centre Director in Jakarta explains what opportunities these changes will offer for Singapore companies. Read more

 

View the Indonesian government’s official release regarding the Negative Investment List (Daftar Negatif Investasi) here: Download now

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Opportunities beyond Jakarta

As competition and overheads in Jakarta increase, many Singapore companies wanting to do business in Indonesia are gradually looking beyond the capital city. In particular, with the 2017 opening of Kendal Industrial Park in Central Java and increased emphasis on the development of East Java, firms are looking east.

 

With labour costs approximately half that of Jakarta, Central Java is set to be the next manufacturing destination. Ivan Tan, our Group Director for Southeast Asia, encourages Singapore firms to seize the opportunities. Read more

 

With the government placing renewed emphasis on developing eastern Indonesia, Surabaya is set to experience significant growth – particularly in the trading, services and manufacturing industries. Read more

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Booming infrastructure needs

With infrastructure development and urban solutions central to President Jokowi's vision of economic development, we explore where the opportunities for Singapore companies are. Read more

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Useful Links

FAQs on doing business in Southeast Asia

Find the answers to all your questions on key industries, navigating potential pitfalls, leveraging government support and more.

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Singapore firms eye Indonesia for growth

 

Indonesia is the most attractive overseas destination for Singapore companies, chosen by nearly half of 1,100 firms surveyed by the Singapore Business Federation (SBF).

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Indonesia in good stead to attract more businesses

President Jokowi's administration has shown its seriousness in pursuing reforms to attract more foreign investment. The Business Times explains why it is now a good time to do business in Indonesia.

Read more

 

 

Singapore and Indonesia agree to form business council

Indonesia and Singapore are set to collaborate further in tourism, enter new industries such as the digital economy, and explore areas beyond Jakarta and the Batam-Bintan-Karimun special economic zones.

Read more

 

 

MOU with Makassar City

Singapore firms are set to work with the Makassar government on smart city solutions such as the development of e-government platforms, intelligent transportation and smart street lighting.

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Joint venture in nod to Singapore landmarks

The 2,700 ha Kendal Industrial Park, a Singapore-Indonesia joint venture, is set to become a self-sustaining manufacturing base

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Enterprise Singapore Insights

We lay out the opportunities for Singapore companies in Central and East Indonesia, and explain why firms should focus on the Resources, Infrastructure and Manufacturing (R.I.M.) sectors.

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Country Information

Geography:

34 provinces (including five with special status: Jakarta Special Capital Region, Yogyakarta Special Region, Aceh, Papua and West Papua).

Population: 260.6 million (est. July 2017) 

Ease of Doing Business Ranking: 72nd (June 2014)

Economic Freedom Ranking: 84th (2014)

Trading Partner Ranking: 4th 

Bilateral Trade:

S$56.1 billion (2016)

 

Source: CIA World Factbook

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Geography:

Located on the northwest coast of Java, Jakarta is Indonesia’s capital, its largest city, and its economic, cultural and political centre. It is designated as a special administrative region, which means that it enjoys the same status as a province. The city is also the seat of the ASEAN Secretariat.

Population

10.3 million

 

Source: CIA World Factbook 2015

Geography:

Surabaya is the capital of East Java Province and the second largest city in Indonesia. It is the main trading gateway into the eastern region of Indonesia and has one of the country’s busiest ports.

Population: 2.85 million

 

Source: CIA World Factbook, 2015

Download IE's brief on Surabaya City