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区域经济
Regional Files
EYE ON INDONESIA: Exploring the potential of the indonesiaN market With its large consumer class and lower manpower costs, Indonesia is becoming a highly-considered investment hotspot among Singapore companies. President Thomas Chua led a 37-member business mission to Cikarang, Jakarta and Surabaya in March. The mission was organised with the strong support of the Indonesian embassy in Singapore. Surabaya, one of Indonesia’s most important cities which benefits from the merit of good city planning, was targeted for the business mission because it had less competition and could be considered as a base to start operations. Among the sites visited in Surabaya, the delegation visited the Pasuruan Industrial Estate Rembang (PIER) which provides space to large, medium- and small-scale manufacturing enterprises.
SCCCI President Thomas Chua (front row, fourth from left) led a 37-member business mission to Cikarang, Jakarta and Surabaya, with the support of the Indonesian Embassy in Singapore.
Tapping on the potential of the Indonesian market In recent years, the Indonesian market has grown in importance to Singapore companies with an eye on a huge consumer class, exciting opportunities in the food service and retail industries, and lower manpower costs. Singapore investors have shown keen interest in Indonesia. In 2013, the
Chamber’s SMEs Survey revealed that Indonesia climbed into second spot after Malaysia, overtaking China as the second most favoured investment hotspot for our local SMEs. On March 9-14, SCCCI President Thomas Chua led a 37-member business mission to Indonesia, specifically Cikarang, Jakarta and Surabaya, with the support of the Indonesian Embassy in Singapore.
“As one of the productivity efforts of SCCCI in helping SMEs via internationalisation, this mission gave the opportunity for our members to explore Indonesia as a market with a large consumer base and a low-cost production base. Through our network with the Chinese Chambers, KADIN and the government officials, the delegates met with contacts who could help them access the market,” said President Chua. Examining investment opportunities for Singapore companies Indonesia holds opportunities for SMES, in particular with the increasing phenomenon of multi-national corporations (MNCs) tapping the lowercost production base of Indonesia and