The Singapore Manufacturing Federation would like to urge you to explore the opportunities in Indonesia by joining our outgoing Singapore Business Mission to Bandung & Jakarta in Indonesia from Wednesday, 15 March to Friday, 17 March 2017.
Why Participate?
The objectives of the mission include:
- To meet relevant government officials in the provinces of Bandung & Jakarta to understand the Indonesian market and regulations (ie BKPM, KADIN & other agencies).
- To enable companies in Singapore to tap on the business opportunities in Indonesian market for their expansion.
- To have business matching with business people in Indonesia based on the participants’ specific areas of interest for discussion on partnerships, markets and other business interes
Mission Highlights
- Individual Business Matching Meetings
- Meeting with senior government officials to build contacts
- Meeting with Indonesia conglomerate for discussion
- Networking sessions with relevant government authorities, chambers of commerce, companies, factories and industrial parks and business meetings.
Overview of Bandung & Jakarta, Indonesia
As the world’s fourth most populous country with 255 million people, including the fastest growing middle class with 3-5 million more Indonesians becoming affluent each year. Indonesia is ASEAN’s powerhouse economy. Economic growth was 5.04% in Q4 2015; it is the only permanent ASEAN member of the G20 and well positioned to influence global and regional incentives
President Jokowi identified several economic priorities as he envisions Indonesia to regain its economic growth prsopects and targets for the country to enjoy a GDP growth of 7% by 2018. The improvement and development of infrastructure will be instrumental in achieving this target
The cities covered for this mission will be Bandung & Jakarta. Bandung is the capital of West Java province in Indonesia and Indonesia’s third largest city by population, with over 2.4 million and Greater Bandung made up of 2 municipalities and 38 districts, making it the nation’s 2nd largest metropolitan area with 6,965,655 inhabitants at the 2010 census. The Bandung economy is mainly built upon tourism, manufacturing, textiles/apparel, educational institutions, technology, retail, services, plantations/agriculture, financial services, pharmaceutical companies and food production
Jakarta, is the capital and largest city of Indonesia, and one of the most populous urban agglomerations in the world with a population of 10,075,310 as of 2014. Jakarta generates about one-sixth of Indonesian GDP and its economy depends highly on service sectors, trading & manufacturing among others
This business mission will also allow Singapore companies to identify Singapore projects which companies can tap on to work together as a group in both Bandung & Jakarta.
Cost of Participation
|
Details of Expenses |
SGD |
| Common Cost **
(Mission gifts, printing of mission brochures, arrangement of business matching, rental of meeting rooms, coach, local destination transfers, meals and other miscellaneous expenses) |
S$500 (SMF members) S$800 (Non-members)
*Above includes GST (after IMAP) |
| ** Common cost is payable directly to SMF. | |
| Air-Ticket* (est)
Air fares (return ticket on economy class) for Jakarta & Coach transfer to and from Bandung |
Est. S$800* (To be paid to travel agent) |
| Hotel Accommodation* (est)
Single room & breakfast x 2 nights
|
Est. S$750*
(To be paid to travel agent) |
Financial Assistance
Eligible companies can apply to IE Singapore for Double Tax Deduction Scheme (DTD) for travel and accommodation costs for up to 2 employees per participating company. For more information, please visit http://www.iesingapore.gov.sg/Assistance/Global-Company-Partnership/Market-Access/Double-Tax-Deduction
Registrations and enquiries may be channelled to Leon Chong of SMF at tel 68263036 / mobile 90107575 or email: leon.chong@smfederation.org.sg or Fax: +65 6826 3038.
