GoGlobalwithSBF

🌍 Exciting news from the SBF Overseas Market Workshop Türkiye 2024! A huge thank you to the Istanbul Chamber of Commerce for hosting us. The Singapore business delegation engaged in extensive B2B meetings, fostering valuable connections in a vibrant and dynamic atmosphere. Looking forward to the opportunities ahead! 🤝 #GoglobalwithSBF #Networking #B2B #Singapore #Istanbul #BusinessGrowth

Do you know #Indonesia? Indonesia’s economy has demonstrated steady growth, with GDP expanding by 5.1% in 2023, and projections for 2024 remain optimistic. As Southeast Asia’s largest economy, Jakarta remains the central hub for both domestic and international business activities. Indonesia’s efforts to diversify beyond commodities, focusing on #infrastructure and #digitalisation, have been key drivers in sustaining this momentum. The #retail sector, in particular, has seen a surge, accounting for 12.5% of Indonesia’s GDP. The rise of the middle class, now comprising over 52 million people, has boosted domestic consumption, contributing to a retail boom. E-commerce continues to expand, but physical retail spaces remain highly relevant, driven by urbanisation and rising disposable incomes. This blend of traditional and digital retail channels offers significant potential for businesses seeking to capitalise on Indonesia's evolving consumer habits. Recent government initiatives, including the Omnibus Law and Investment Law, have made it easier for foreign businesses to invest, reducing bureaucratic hurdles and offering tax incentives in specific sectors. Infrastructure spending, with a 2024 budget of IDR 400 trillion, is expected to support urban growth and improve connectivity, potentially boosting domestic consumption and business expansion. The recent relocation of Indonesia’s capital from Jakarta to #Nusantara is expected to open up new opportunities in areas such as real estate, logistics, and infrastructure. Meanwhile, key industries like #mining, #agriculture, #healthcare, and trade remain strong, offering diverse prospects for foreign investors. With its close geographical ties and access to regional markets, Singaporean businesses may find Indonesia an attractive option for exploring the country’s changing economic landscape.

📢 Reporting from Nanning, where the 21st China-Asean Expo #CAEXPO is happening now! The Singapore Business Federation is supporting the Singapore Pavilion in this renowned annual trade and investment event that takes place in Nanning, China. CAEXPO is the largest and most influential expo of its kind between China and the #ASEAN nations, where businesses from all over ASEAN region converge in China to explore business opportunities. Alongside our business missions and overseas market workshops, this is just one of the many ways that the SBF helps businesses to Learn, Get Leads, Land in-Country and Localise! Take a peek and check out the Singapore Pavilion now! #GoglobalwithSBF #CAEXPO #China #internationalisation

Join our upcoming Overseas Market Workshop in Indonesia, taking place from 21 to 25 October 2024! Gain insights into Indonesia's retail and FMCG sectors, network with industry leaders, and explore business opportunities. Highlights of this trip includes visits to top retail and FMCG companies, high-level networking dinners, and participation in the Tech in Asia Conference. Discover how to tap into the Indonesia dynamic market! register here to speak to our Market Specialists and find out more! https://lnkd.in/gut7Rd6C #goglobalwithSBF #OMW #Indonesia

It's finally happening! 😁 🎉 The Singapore Business Federation is leading an overseas market workshop 🛫 to Türkiye to discover opportunities in the f&b and logistic sectors that Singapore companies can develop and expand on! This trip, led by SBF's Samantha T. and Arne Gramckow 金浩, brings companies right to the heart ❤️ of the action, through a carefully curated agenda of networking sessions, local site and facilities visits, in-country workshops and high level roundtables. Stay tuned for more updates and see how the Singapore Business Federation can help your business internationalise! #GoGlobalwithSBF

Happy to see how much the company has grown over the years! 😀 #GoglobalwithSBF #CIIE #China #SuccesswithSBF

📌 SBF National Business Survey 2024 – Scaled Internationally Edition📌 Have your say by participating in our SBF National Business Survey 2024 – Scaled Internationally Edition and share the needs, challenges, and support required by your company for internationalisation. Your feedback will help strengthen SBF’s advocacy efforts and contribute to the review and development of support for the business community. All responses will be treated with the strictest confidentiality. Only aggregated information will be released in any published form. Email research@sbf.org.sg if you require any assistance regarding the survey. Take part in the survey here: https://lnkd.in/gD7DD6XA #GoGlobalwithSBF #Internationalisation #NationalBusinessSurvey

The Singapore Business Federation enjoyed a pleasant visit to the office of Chief Secretary of Karnataka Government, Dr Shalini Rajneesh IAS, who unveiled a wealth of opportunities for Singaporean businesses. She warmly welcomes collaboration and investment on: ♻ Waste Management & Recycling: Karnataka is seeking advanced solutions for waste management and recycling, paving the way for innovative partnerships. 🔌 Waste to Energy: There's a significant push towards transforming waste into energy, aligning with sustainability goals. 🌳 Sustainability Initiatives: The state is focused on sustainable development, offering numerous avenues for green investments. 👨🌾 Agri-Processing: Public-Private Partnerships (PPP) are encouraged to build state-of-the-art food processing centers, enhancing the agri-processing sector. 🛫 Infrastructure Development: Plans are in motion for new BOO (Build-Own-Operate) airports and logistics hubs, boosting connectivity and efficiency. 🏫 Skills Academy: There's a call for establishing skills academies to nurture a highly skilled workforce. Other promising areas worth noting: ✅ Mysore & North Karnataka: Highlighted as prime locations with significant incentives. ✅ Cost Efficiency: Northern Karnataka offers costs up to 1/20th of those in Bangalore. ✅ Pharmaceutical Parks: Expansive 5000-acre parks dedicated to pharmaceuticals. ✅ Abundant Resources: North Karnataka boasts skilled labour, ample land, and abundant agricultural resources. ✅ Infrastructure & Quality of Life: ☑ Airports: Every two districts have one, totaling 16 airports. ☑ New Developments: Creation of new cities and townships (1000 acres). ☑ City Life: Enjoy international schools, malls, pubs, and a high quality of life in North Karnataka. ✅Agriculture & Horticulture: Rich produce including roses, mangoes, vegetables, pineapple, pomegranates, lemons, rose onions, and rice. ✅Tourism: Development of palaces for destination weddings and other tourism ventures. Karnataka is open for business and offers a strategic, resource-rich environment ideal for Singaporean businesses looking to expand in diverse sectors. To find out more about how you can land and grow your business in India, please contact our India desk's Ray KWAN and Jeffrey Kong for assistance. #SBF #SME #ScaledInternationally Singapore Business Federation Samantha T. Ray KWAN Jeffrey Kong

Today, the business delegation led by the Singapore Business Federation (SBF) visited the Confederation of Indian Industry (CII) and was received warmly by Vice Chairman Mr Rabindra Srikantan of the CII Karnataka State Council and his team. 🧡💚 Together with SBF's India and South Asia Business Group Vice-Chairman Mr Prasoon Mukherjee, International Business Division Executive Director Samantha T. and Market Advisor Jeffrey Kong, the delegation launched into insightful discussions and received helpful advice on suitable locations to set up plants, different types of incentives available for foreign semiconductor manufacturing companies, amongst the wealth of information shared with us. 🏭 The investment climate and dynamic business opportunity in Karnataka have stoked the enthusiasm of our Singapore companies; SBF is confident of the strong support that the India government will avail to Singapore companies when venturing into India. 💪 📣 Stay tuned for more updates as we share business insights from our India mission trip. #SBF #SME #ScaledInternationally #India #Semiconductor #Manufacturing Singapore Business Federation Samantha T. Ray KWAN Jeffrey Kong

The Singapore Business Federation and our Singaporean business delegation were warmly welcomed by key Indian government departments and senior officials during our current visit to Karnataka, India. The delegation received hospitality from: ✅️ Minister for Large and Medium Industries and Infrastructure Development ✅️ Principal Secretary to Government, Commerce and Industries Department ✅️ Commissioner for Industrial Development & Director of Industries and Commerce The senior officials and their teams provided detailed insights into the region’s business landscape and also highlighted a range of incentives 💰 and robust support systems designed to foster growth and investment, indicating full support for Singaporean companies to venture in and do business in Karnataka. 💪🏻 SBF is optimistic about the available opportunities and the India government's support for our delegation. To find out more about how you can land and grow your business in India, please contact our India desk's Ray KWAN and Jeffrey Kong for assistance. #SBF #SME #ScaledInternationally Singapore Business Federation Samantha T. Ray KWAN Jeffrey Kong