More Singaporean firms trying to enter Indonesia market

JAKARTA - More Singaporean companies are seeking help to enter and grow their business in the Indonesian market, as the gradual recovery from Covid-19 in both these nations gives impetus to expansion plans.

Under the scheme, which was launched in November 2019, SBF has a centre in Indonesia that firms can turn to for advice and meet with business partners. The Singapore Enterprise Centre in central Jakarta is staffed by SBF’s local market advisers. “So we will facilitate them on a case-to-case basis in what they need. But mainly most of them are interested in finding business partners, and they are worried about how to enter the Indonesian market.”

Over the past three years, SBF issued more than 900 business advisories and helped facilitate 36 projects by local firms in Indonesia. Mr Benjamin Tan, the company’s chief executive and executive director, said that with SBF’s help, it managed to hire a good lawyer and tax agent within a few weeks.Indopanda, a firm providing Chinese language lessons as well as services to send students to China for further studies, tapped SBF to find new business opportunities within Indonesia.

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