Venture to Indonesia with IE Singapore
High Investment & Growth
Indonesia achieved a GDP growth of 5.78% in 2013 despite the weak global economic climate.The country has regained its investment grade status by both Moody’s and Fitch after 14 years since the Asian financial crisis, with foreign direct investment reaching US$28.6 billion in 2013.
Strong Middle Class Demand
Being the largest economy in Southeast Asia, its population of 238 million and rapidly growing middle class translate into abundant opportunities in the consumer sector. There are also opportunities in clean water supply, power generation, waste management, ports and urban transport, among others.
Regional Bilateral Relations
In 1967, Indonesia was one of the founding nations of ASEAN. The main aims of ASEAN are to accelerate the economic growth, social progress and cultural development in the region and promote regional peace and stability. With these aims in mind, Indonesia has signed 6 different FTAs with the regions till date. This translates to multiple benefits for businesses.
The sheer economic potential of the world’s fourth most populous country has not gone unnoticed by Singapore, with bilateral trade reaching S$79.4 billion in 2012, making the country Singapore’s third largest trading partner. Even as Singapore continues to inject capital for investment, the Indonesian government hopes that investors will look beyond the traditional growth sectors such as banking, telecommunications and energy and also help to build the country’s transport infrastructure.
Watch what Mr. Tan Soon Kim, IE Singapore's Assistant Chief Executive Officer has got to say about venturing into Southeast Asia.
Let these insightful articles inspire you on your internationalisation journey!
Building an empire one Kube at a time
Sem Chong, Managing Director of Bluetree Electronics Pte Ltd, explains why he chose to market theKube through unconventional means to stand out from the crowd.