JAKARTA – More Singapore companies are seeking help to enter and grow their business in the Indonesian market, attracted by the large market size and up-and-coming sectors in South-east Asia’s largest economy.
She added that in 2023, the projects in Indonesia clinched by Singapore firms had generated about S$111 million in overseas sales.Prime Minister Lee Hsien Loong and President Joko Widodo noted that their countries continued to collaborate in emerging fields like the green economy and digital economy.
Indonesia had entered the club of upper middle-income countries in 2020, after about three decades as a lower middle-income nation. But one year later in 2021, it lost the status as the Covid-19 pandemic decimated livelihoods. These centres familiarise Singapore companies with the Indonesian business landscape and connect them to potential partners.
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