Singapore businessmen intend to increase business ties with Indonesia

JAKARTA, Oct. 28 (Xinhua) -- Singaporean businessmen intend to increase business ties with Indonesia in sectors of logistics, transportation, and property, Bisnis Indonesia daily quoted an official as saying on Wednesday.

However, the intention is hampered by lack of domestic infrastructure.

Iwan Dermawan Hanafi, the head of steering committee for Singapore at the Indonesian Chamber of Trade and Industry (KADIN),said that the intention is based on fact that Singapore is Indonesia's third biggest export destination.

"Singaporean delegation will visit Surabaya of East Java and Kalimantan Island to explore cooperation," he said on the sideline of business meeting of Indonesia-Singapore on Tuesday.

He also said the visit by 22 Singaporean delegations to Kalimantan is because of many mining activities in the area while visit at Surabaya is because the city is the second largest town after Jakarta.

Iwan said that some businessmen of the delegation have been investing in Indonesia while others are starting to invest and are exploring opportunity.

On the trade field, he said, Indonesia could increase its export to Singapore because many exports should be via the country before sent to the destination countries.
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