Doing Business in Indonesia: Opportunities and Pitfalls
Engage and Connect
Meet and engage with Singapore entrepreneurs who have built successful businesses in ASEAN’s largest economy. Learn tips and insights on how to succeed; the do's and don’ts and build long lasting relationships.
Keynote Address
Andria Buchara, Director, Indonesia Investment Promotion Center (IIPC) Singapore - Ministry of Investment
Panel
Jaspal Sidhu, Chairman & Founder, SIS and Inspirasi Group of Schools (RI 78/80)
Wenyou Tan, CFO, Hangry
James Chan, Founder, Chairman & CEO of Ion Mobility
Shoeb Kagda, Chairman of Singapore Chamber of Commerce Indonesia [Moderator]
The Challenge
Expanding a business to Indonesia presents a blend of both immense opportunity and considerable complexity. As Southeast Asia's largest economy, Indonesia boasts a population of over 270 million, offering a vast consumer base. However, the World Bank’s Ease of Doing Business Index ranks Indonesia 73rd globally, indicating challenges related to regulatory hurdles, infrastructure, and labor laws.
Singapore has been the top foreign investor to Indonesia, but not without its challenges. Those who have trailblazed the path often highlight the need for patience and deep local partnerships. A Singaporean firm shared that navigating Indonesia's decentralised regulatory system—where regional governments exercise significant authority—requires more than just strong corporate strategy; local relationships and adaptability are critical to success. With GDP growth consistently hovering around 5%, the allure of Indonesia’s expanding middle class is undeniable, yet the path to market entry demands a thoughtful approach.
Brought to you by
Singapore Chamber of Commerce Indonesia
SMU Institute of Innovation & Entrepreneurship
Old Rafflesians' Association
Rafflesian Business Network