Retail in Asia

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Singapore firms urged to tap growing business opportunities in Indonesia

Singapore companies should look to large urbanised Indonesian cities for business opportunities, according to the country’s Trade and Industry Minister Lim Hng Kiang, who spoke at a business forum on Indonesia on Wednesday.

Cities like Jakarta, Surabaya and Bandung offer opportunities in F&B, retail, telecom, banking, real estate and logistics. Resource-rich cities like Balikpapan and Makassar have growth potential for downstream products and services.