Opportunities for Singapore companies to tap USD 1.1 billion worth of projects in Indonesia
- Plus updates on the latest legal and economic developments
Singapore, Wednesday, 17 September 2008 - The Singapore Business Federation (SBF) today organized a briefing for the Singapore business community on the latest legal and economic developments in Indonesia and on opportunities to participate in 15 investment projects worth USD 1.1 billion. The session provided companies who wish to venture into Indonesia a comprehensive analysis of high value projects with potential high returns, in Jakarta, Banten, Central, West and East Java, in sectors such as Agribusiness, Infrastructure, Food & Beverages and Petrochemical (Please refer to Annex B below for more details). In addition, participants were briefed on the new Indonesian investment law and how it will provide a more conducive environment for foreign investors, as well as the financing tools available for investing in Indonesia.
The seminar was attended by 30 businessmen from the infrastructure, electrical, info-communication and raw materials industries sectors. Participants gained a better understanding of the investment climate and opportunities in Indonesia, as well as useful advice and tips for navigating the Indonesian market and executing their business ventures there.
Mr Alan Tan, Deputy Director, SBF remarked that, "This project facilitation process is a new initiative by SBF, ASEAN Global Business Division, to bring forth potential projects from the key overseas markets through working closely with our counterpart agencies. This process also extends beyond the conclusion of this event. SBF stands ready to assist our interested Singapore companies in their business abroad by linking them up with the relevant economic agencies and business partners in Indonesia."
As Singapore's apex business chamber, SBF has been championing and facilitating the growth of Singapore businesses in overseas markets. Since 2006, SBF has organised several Indonesia-focused activities including two business missions and supported seven business seminars and networking sessions, covering various regions in Indonesia including Jakarta, Batam, Bintan and Karimun. Over 300 SBF members have participated and benefitted from these activities (Please refer to Annex A below for more details).
As a follow up to today's briefing, SBF will be leading a business mission to Jakarta and Java in November 2008, to further deepen business links and engagement between the business communities of Singapore and Indonesia. The mission will enable Singapore businessmen to gain a better understanding of the business environment in these two regions through site visits to the locations of the investment projects. Mission participants will also have the opportunity to establish useful contacts with Indonesian government officials and businessmen at the networking sessions during the mission.
Annex A
SBF ACTIVITIES ON INDONESIA
2006
Investing in Indonesia - Legal and Regulatory Framework
25 May 06
The Singapore Business Federation in partnership with Rodyk & Davidson of Singapore and Ali Budiardjo, Nugroho, Reksodiputro (ABNR) of Indonesia, two well known and established law practices organized a seminar on the legal and regulatory framework for investing in Indonesia. This seminar was most timely given the positive investment climate and robust growth pervading the ASEAN region and Indonesia, in particular, then. Participants gained important insights into the new investment climate and regulatory knowledge to assist them in better planning and executing business ventures in Indonesia.
2007
Business Study Mission to Batam and Bintan
30 Mar 07
A total of 13 Singapore companies and 23 participants joined the study mission to the proposed BBK SEZ which was jointly organized by SBF, EDB and SembCorp. The mission members were briefed on the BBK master-plan, visited Wisma BIE, toured factory lots and visited several local companies. This event provided networking opportunities and insights on potential investments for the Singapore businessmen.
Invest Jakarta 2007
30 August 2007
Supported by the Singapore Business Federation, Invest Jakarta 2007 was a forum organized by the Jakarta Investment Board. This event presented comprehensive overview of the investment potential of the Jakarta region. Indonesian participants include regulators and Jakarta businessmen who were looking for opportunities to tie up with foreign direct investors.
This forum provided detailed information concerning investment opportunities in sectors such as banking, finance, property, tourism, and public/ municipal utilities, but also business matchmaking session for the participants.
Global Entrepolis Singapore (GES)
Business Outlook and Financing Opportunities for Investors in Indonesia - With focus on the Batam, Bintan, and Karimun Special Economic Zone
13 November 2007
This seminar was organized by SBF as part of the annual GES, with the support of the Indonesia's Investment Coordinating Board, DBS Bank Limited, Hanafiah Ponggawa & Partners and Rodyk & Davidson (RODYK).
The primary objective was to help Singapore companies, especially SBF members, to leverage on this unique event to network and gain insights on how they can enter the Indonesian market and discover the right business opportunities that will make their investments grow faster. Participants went away with a deeper understanding of the Singapore-Indonesia Framework Agreement on Economic Cooperation for Bintan, Batam, and Karimun (SEZ's), legal and regulatory framework on investment law in Indonesia, especially BBK region, and financing options for businesses venturing into Indonesia.
Bintan Industrial Estate (BIE) Investment Seminar
6 December 2007
Jointly organized by SembCorp Parks Management (SPM) and Bintan Inti-Industrial Estate (BIIE) and held by SBF, this seminar provided the participants with a better understanding on Bintan Industrial Estate and the benefits of operating in the Free Trade Zone.
2008
Business Opportunities & The New Indonesian Investment Law
24 January 2008
SBF organized a seminar on 'Business Opportunities & the New Indonesian Investment Law.' The objectives of this seminar was to give the participants a better understanding on how they can navigate the Indonesian market and the various business opportunities available.
Participants benefitted from the presentation on the regulatory requirements when investing and trading in Indonesia. This knowledge will assist them in better planning and executing business ventures in Indonesia.
Business Mission to Batam and Bintan - Special Economic Zone (SEZ)
5 - 6 March 2008
In collaboration with the Association of Small and Medium Enterprises (ASME), SembCorp Parks Management and the Investment Coordinating Board of the Republic of Indonesia (Badan Koordinasi Penanaman Modal - BKPM), SBF organised a business Mission to Batam and Bintan from 5 to 6 March 2008. The Mission was led by Mr. V K Rajan, Senior Consultant of Chesterton and Vice Chairman of SBF IR Committee.
This business mission provided our participants with deeper insights into the business climate as well as the investment opportunities in the Batam, Bintan and Karimun (BBK). It proved a good platform for business communities in Singapore to understand the ongoing progress in the development of the SEZ in BBK. More importantly, this business mission allowed our delegates to further evaluate the investment possibilities in the BBK. A total of 32 representatives from 23 Singapore companies participated in the Mission.
Bintan Industrial Estate (BIE) Investment Seminar
11 March 2008
This seminar was jointly organised by SembCorp Parks Management and Bintan Inti-Industrial Estate and supported by SBF. It aimed to provide participants with a clearer picture of investing in Bintan Industrial Estate and the benefits of operating in the Free Trade Zone.
SBF Post Mission / Networking Session
Indonesia: The Emerging Market - Batam, Bintan and Karimun (SEZ)
20 June 2008
At this post mission session, past mission participants, companies who have established operations in Indonesia and industry experts shared their assessment of the manufacturing industries, potential opportunities for investment, the market "know-hows" of Indonesia, as well as their valuable experiences in navigating the Indonesia market. Participants were also presented with the opportunities to network with the Indonesian government officials and the businessmen from the well-established MNCs in Indonesia at the session.
Annex B
SUMMARY OF PROJECTS IN INDONESIA
No |
Company Name |
Projects' Status |
Project Name |
Projects Sector |
Location |
1 |
PT Agronesia |
Project Expansion |
Factory & Office |
Plactic Packaging Substitute Import Product |
Industrial Estate, Bandung |
2 |
PT Agronesia |
Project Expansion |
Factory & Office |
Rubber Substitute Import Product |
Industrial Estate, Bandung |
3 |
Banten Provincial Government |
New Project |
Agrobusiness Terminal |
Building and Construction |
Balaraja, Tangerang regency |
4 |
Banten Provincial Government |
New Project |
Green Mussle Cultivation |
Agriculture |
Cipanon Village Citeurep, Panimbang, Pandeglang Regency |
5 |
Banten Provincial Government |
On-Going Project |
Bojonegara International Port |
Infrastructure |
Banten coast near Sunda Straits |
6 |
Banten Provincial Government |
New Project |
Toll Road Cilegon- Bojonegara |
Infrastructure |
Jumbang, Kramatwatu and Pulo Ampel |
7 |
Banten Provincial Government |
New Project |
Bojonegara Oil Refinery |
Petrochemical |
Jababeka Industrial Zone |
8 |
Banten Provincial Government |
New Project |
Karian Dam Water Supply |
Infrastructure (Water supply for urban, industries and irrigation) |
Lebak Regency |
9 |
Banten Provincial Government |
New Project |
Tanjung Lesung Resort |
Building and Construction |
Tanjung Lesung Village Citeureup, Pandeglang Regency |
10 |
PT Bumi Raya Investindo (BRI) |
Project Expansion |
Palm Oil plantation |
Petrochemical (Crude Palm Oil) |
Laut Island, South Kalimatan Province |
11 |
PT Tiga Pilar Sejahtera (TPS) |
Project Expansion |
Milk Powder |
Food and Beverage |
Karangamuar, West Java |
12 |
PT Tiga Pilar Sejahtera (TPS) |
Project Expansion |
Snack |
Food and Beverage |
Karanganyar, West Java |
13 |
PT. Guna Mete Industry |
New Project |
Jarak Pagar ( Jatropha Curcas) Cultivation and Biodiesel |
Petrochemical |
Kabupaten Grobogan Jateng |
14 |
PT. Spring Energy Sentosa |
New Project |
Power Plan Guci |
Infrastructure |
Guci, West Java |
15 |
PT. Stakeholder Success Worldwide Pratama |
New Project |
Floating Coal Terminal |
Infrastructure |
South Kalimantan |
|
|
