JAKARTA - More Singapore companies are seeking help to enter and grow their business in Indonesia, attracted by the large market size and up-and-coming sectors in South-east Asia's largest economy.
Enterprise Singapore, the government agency that helps businesses internationalise, told The Straits Times that it supported over 300 Singapore companies in 2023 in their move into Indonesia.
This figure is more than the combined number of companies that made the move in the previous two years around 200 in 2022 and 100 in 2021, said EnterpriseSG director for South-east Asia Lim Jing Jun.
These companies come from a variety of sectors, including health, industrial infrastructure, green economy and digital economy.
Ms Lim added that in 2023, the projects in Indonesia clinched by Singapore firms generated about $111 million in overseas sales.
During the Singapore-Indonesia Leaders' Retreat in Bogor, West Java, on April 29, Prime Minister Lee Hsien Loong and Indonesian President Joko Widodo noted that their countries continued to collaborate in emerging fields like the green economy and digital economy.
In 2023, bilateral trade reached US$69 billion (S$93 billion). Singapore recorded US$15.4 billion offoreign direct investment in the archipelago that year - a 15.8 per cent increase from 2022.
Diese Geschichte stammt aus der May 14, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 14, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
THE NEW BERNABEU A REAL PROBLEM
Locals and neighbourhood residents hate noise from concerts and construction work
Japan seek to beat the heat and Saudi Arabia
HONG KONG - Japan face second-placed Saudi Arabia in Group C of Asia's third round of World Cup qualifiers in Jeddah on Oct 10, looking to continue their prolific start as top-of-the-table clashes take centre stage across the continent.
Police investigating Spanish pair over protests in S'pore
A Spanish man and woman in their 30s are assisting the police with investigations after photos appeared on social media of the man holding a banner in various parts of Singapore to protest against Singaporean business magnate Peter Lim, who owns Spanish top-tier football club Valencia.
FROM SAUDI SPLURGE TO SPENDING SLUMP
Football transfer outlay drops in 2024 as officials assess the commercial returns
Future looks bright for America's Cup: Ainslie
BARCELONA - Sailing has a great opportunity to develop as a sport if the America's Cup can involve more frequent events and evolve the boats now being raced, according to British skipper Ben Ainslie.
Sport can be 'solution multiplier' for climate
LONDON – Sports clubs and organisations must raise their game and become leaders in the battle to prevent catastrophic climate change, Sport England chairman Chris Boardman said on Oct 8.
SINNER TO BE GIVEN NO QUARTER
Medvedev vows to put up a better fight against world No. 1 in Shanghai last eight
Ryder Cup captains won't exclude LIV Golf players
NEW YORK - Ryder Cup captains Keegan Bradley and Luke Donald said on Oct 8 that they will not shy away from including LIV Golf players in their respective teams for the 2025 biennial showdown between the United States and Europe.
MISTY SWIFT EARNS EVEN MORE FANS AT TRIALS
Ex-Kranji runner No More Delay also struts his stuff at hit-outs
MediShield Life can be made more effective. Its review holds the key
We must incentivise outpatient treatment and accept that, in some cases, personalised medicine can save lives.
