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
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
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
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
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.
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).
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.
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.
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.
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
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.