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Indonesia 2013 MCI (P) 20/07/2014 Opportunity Indonesia 2013 INVESTORS’ BEELINE TO INDONESIA INVESTORS’ BEELINES TO Power of Indonesian Diaspora Aviation Boom Lagoi: Riau’s Riviera Remarkable • fashion Indonesia: TOP • food Investment Outlook • movies • book & Performance • destination SPECIAL PUBLICATION5 BY THE EMBASSY OF INDONESIA, SINGAPOREOPPORTUNITY INDONESIA 2013 1 Congratulations to the government and people of Indonesia on your 68th Independence Day Best wishes from the National University Hospital, Singapore The National University Health System (NUHS) was established in January 2008 and consists of the National University Hospital (NUH), National University of Singapore’s Yong Loo Lin School of Medicine and Faculty of Dentistry. As Singapore’s first Academic Medical Centre (AMC), we aim to bring together the tripartite mission of excellence in clinical care, translational clinical research and education. The NUH is a tertiary referral centre for a comprehensive range of medical, surgical and dental specialties and it also houses the national centres of Cardiology (National University Heart Centre, Singapore) and Oncology (National University Cancer Institute, Singapore). The Hospital also provides full organ transplant programmes for both children and adults (in kidney, liver and pancreas) and is the only hospital in Singapore with separate adult and paediatric emergency care facilities. In 2004, the NUH became the first Singapore hospital to receive the Joint Commission International (JCI) accreditation, an international stamp for excellent clinical practices in patient care and safety. In 2013, the hospital again became the first Singapore hospital to attain the new Academic Medical Centre (AMC) accreditation, which was recently introduced in January 2013. Staffed by a team of healthcare professionals who rank among the best in the field, the NUHS offers quality patient care by embracing innovations and advances in medical treatment. Members of the NUHS Group www.nuh.com.sg www.ncis.com.sg www.nuhcs.com.sg International Patient Liaison Centre (IPLC) 2 OPPORTUNITY INDONESIA 2013 24-Hour Helpline: (65) 6779 2777 Email: [email protected] nuh.indd 1 22/7/2013 1:22:28 PM CONTENTS OPPORTUNITY INDONESIA 2013 ISSUE 24 31 32 16 2 Publisher’s NOTE 32 ART & CULTURE Indonesian Art Increasinly Sought After 4 AMBASSADOr’s Message 34 TRAVEL 5 COVER STORY Traveller’s Tales of Flores & Sumba Investors Make a Beeline to Indonesia 36 PHOTO FEATURE 10 BILATERAL TRADE & INVESTMENT The Years in Pictures Doing Business in Indonesia CUISINE Indonesia - Singapore:Trade & Investment 38 Taste of Indonesia’s National Dishes Profile Indonesia - Singapore:Coming Together 40 AVIATION Indonesia Today: Investment Outlook & More Flights to Indonesian Destinations Performance SPECIAL FEATURES 20 NEWS CLIPPINGS + Trade Expo in October 37 LAGOI BAY: Robust Growth for Remarkable Indonesia RIAU’s RIVIERA Tapping into the Power of the Indonesian Diaspora MICA (P) 20/07/2014 This commemorative special is published under the advocacy of Mr. Andri Tourism Arrivals Growing Hadi, Ambassador of the Republic of Indonesia, Singapore. © Copyrights 2013 by Sun Media Pte Ltd. The opinions, pronouncements 26 TOP FIVE or views expressed or implied in this publication are those of contributors Indonesian Foods or authors. They do not necessarily reflect the official stance of the Indonesian authorities nor their agents and representatives. The aim of this publication is to guide and provide general information. While Holiday Destinations every effort has been made to ensure the accuracy of all information Fashion Trends contained, the publisher cannot be liable for loss incurred in any way What Indonesians are Reading whatsoever by a company or a person relying on this information. For further inquiries, contact: Indonesian Embassy, 7 Chatsworth Road, Singapore 249761 URL: www.kbrisingapura.sg / www.indonesianembassy.sg Screen Gems from Indonesia OPPORTUNITY INDONESIA 2013 1 PUBLISHER’s NOTE OPPORTUNITY INDONESIA 2013 ISSUE Look who’s talking about INDONESIA Indonesia is attracting attention like never before! outh-east Asia’s largest economy turned Credit Rating of the Republic of Indonesia The only dark spot is the perennial heads last year when the McKinsey to BBB-/stable outlook. problem of the haze which was especially SGroup highlighted it had the potential This issue of Opportunity Indonesia bad this year. Indonesian showed its to be the top seven economy in the world reflects this new found confidence the world willingness and sincerity in tackling this by 2030. But the high profile growth story and, indeed, Indonesians feel about their issue for the long term. The worst of the of Indonesia had actually started earlier. nation. With peace, progress and stability haze lasted about one week but the benefits In 2011 overseas investors started noticing we are more than confident Indonesia will of being good, understanding and helpful its resilient economy, which impressively continue to shine as one of the brightest stars neighbours with mutually beneficial bilateral navigated through the global financial crisis. in the ASEAN economy. ties will last much longer. As in the past, the Since then the ‘reviews’ from ratings agencies The past year has been an eventful one smoke from Sumatra will eventually pass have continued to project confidence in its for Indonesians in Singapore. Through its over (pardon the pun) and we continue to economic outlook: sister publication, IndoConnect magazine build on the excellent ties that exist between Moody’s Investors Service (January 18, has chronicled much of the activities of the two nations. 2012): upgraded Republic of Indonesia’s the Indonesian diaspora in Singapore. Indonesia, of course, is more than just an foreign and local-currency bond ratings to IndoConnect celebrates it first anniversary investment destination. In this issue we took Baa3 with stable outlook. in August together with Indonesia’s 68th a light ‘Top Five’ approach this year to share Fitch Ratings (November 21, 2012): Independence Day. Many of the highlights different dimensions of Indonesian life: the affirmed Indonesia’s sovereign credit are included here. top five foods, travel destinations, fashions, rating at BBB- level with stable outlook. One of the proudest moments for the books and movies! Indonesians are famous S&P (May 2, 2013): affirmed Indonesia’s nation must be when Singapore honoured for their arts and culture and we find out sovereign credit rating, at BB+ level for President Susilo Bambang Yudhoyono how the country’s diversity has contributed long-term and B level for short-term and with an honorary degree as a tribute to his to a booming art scene for the works of revised its outlook to stable from positive. leadership. Its citizens can hold their heads Indonesian artists. Japan Credit Rating Agency, Ltd (July up high, proud to be Indonesians. Many We hope reading this issue, all in all, you 22, 2013): affirmed Indonesia’s foreign other Indonesians have also contributed will find it has been a remarkable time for currency long-term senior debt at BBB- greatly to Singapore, participating and Indonesia in the past year! and local currency long term senior debt integrating themselves in Singapore society. BBB with stable outlook. This level of integration bodes well for Rating and Investment Information, Inc both sides. Singapore has much to gain in a Nomita Dhar (October 18, 2012): upgraded Sovereign prosperous Indonesia. Publisher & Editor-in-Chief 2013 PHOTO CONTRIBUTIONS Embassy of the Republic of Indonesia in Singapore, Opportunity Visit Indonesia Tourism Office, Coordinating Ministry for Economic Affairs, Muhamad Alamsyah, Valerius R. B. Indonesia EMBASSY EDITORIAL BOARD Simon D.I. Soekarno, Prairie Maharwati CREATIVE PROJECT MANAGER Valerius R. Boenawan PUBLISHER Sun Media Pte Ltd PRINTING Stamford Press Pte Ltd EDITOR-IN-CHIEF Nomita Dhar EDITORIAL OFFICE Sun Media Pte Ltd, 20 Kramat Lane EDITOR Syed Jaafar Alkaff, Sushmita #01-02 United House, Singapore 228773 Bhowmick, Priya Ramakrishnan Tel: (65) 6735 2972 / 6735 1907 / 6735 2986 Fax: (65) 6735 3114 ADVERTISING & MARKETING E-mail: [email protected] Jamie Ho URL: http://www.sunmediaonline.com 2 OPPORTUNITY INDONESIA 2013 OPPORTUNITY INDONESIA 2013 3 MESSAGES Message from HE Andri Hadi Clear Skies Ahead OECD or BRICS country. Indonesia now is the nations. They covered investment, the second fastest growing economy among air transportation, tourism, manpower, G-20 members after China with annual agro-business, counter-terrorism and economic growth at 6.23% last year. This collaboration to promote Batam, Bintan year, our growth is projected to be from 5.8 and Karimun islands as well as other Special to 6.2 per cent. A report by McKinsey Global Economic Zones as prominent investment Institute last September highlighted Indonesia destinations. Singapore also paid tribute to could surpass Germany and the UK by 2030 the leadership and statesmanship of President to become the seventh largest economy in Yudhoyono by conferring an honorary the world from current 16th. Achieving such degree - Doctor of Letters - of the Rajaratnam a projected growth is highly challenging. I School of International Studies of Nanyang am optimistic, however, this is attainable as Technological University. we have strong economic fundamentals; a Indonesians in Singapore were brought large middle class, rich and diverse natural closer together through trade, diplomatic ndonesia stands at the cusp of a new era
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