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Urban development at the heart of Singapore-Indonesia partnership | 28 November 2014

Urban development at the heart of Singapore-Indonesia partnership | 28 November 2014

Singapore and Indonesia could see closer alignment for their commercial property sectors, following a link-building trade mission.

Teo Ser Luck, Singapore’s Minister of State for Trade and Industry, organised a business mission with his counterparts from Indonesia to improve links for water, waste management and urban development.

The trip saw Mr Teo visit Jakarta and Semarang along with representatives from 25 Singaporean companies, of which most were SMEs. It was hoped the venture would see closer alignment between the development sectors in Singapore and Indonesia, thus benefitting all involved.

A joint media release published today (November 28) by International Enterprise Singapore and the Singapore Business Federation made public the business trip and its objectives. In it, Mr Teo explained: “The Indonesia Ministry of Trade, Indonesia Investment Coordinating Board and KADIN responded positively to the proposal for such a private sector-led platform and for the government to play a facilitative role.

“This will make business-to-business collaboration more systematic, provide businesses with more detailed insights on key products of interest to Indonesia, facilitate identifying potential partners, and help resolve any difficulties faced by companies.”

During the meetings, it was said that Singapore could use its expertise to help Indonesia’s development efforts, with particular focus on water, waste management, transport, power and urban development, channelnewsasia.com notes.

Singapore, meanwhile, would benefit in return from a bilateral business platform in which companies regularly interact with one another to build familiarity. To kick proceedings off straight away, a number of networking and business matching sessions were set up to enable conversations between Indonesian and Singaporean companies.

The timing of this trade mission was crucial, as it allowed Mr Teo and his team to gain a sense of the economic priorities of new Indonesian president Joko Widodo and his wider administration. Although no clear indication has been offered by Indonesian officials on its response to the mission, Mr Teo maintained that the response was a positive one.

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

This new partnership would come on the back of several others which provided successful links between Singapore and Indonesia, including one unveiled this week to boost workforce skill levels. Indonesia’s Manpower Minister Hanif Dhakiri announced plans to train and protect foreign workers crossing the border, whilst also offering them relevant certification.

Commenting on the allegiance, Singapore’s Manpower Minister Tan Chuan Jin told straitstimes.com: “We do share a lot of common perspectives about how to develop our workforce, how to look after our people better, both within those countries and those of our workers who work abroad.”

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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Philippa Cunningham
Posted by Philippa Cunningham
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