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SEZ Business Forum Looks to Singapore for Investors

Speaking at the Indonesia SEZ Business Forum 2023 on Thursday (30/11/23), acting secretary general of the National SEZ Council, Susiwijono Moegiarso, said that his side is promoting SEZs in Singapore to accelerate investment growth in SEZs and reach potential international investors, according to reporting from Antara News.

“Indonesia has a lot to offer investors. We have the advantages of the economic trifecta, namely strong economic growth, large population, and the demographic bonus, as well as abundant resources,” said Moegiarso.

The 2023 Indonesia SEZ Business Forum comprised two discussion sessions; the first was on “Investment Opportunities in Indonesia’s Manufacturing SEZ” and the second on “Unlocking the Benefit for Digital Industry in Indonesian SEZs.”

The event was attended by potential investors, including representatives from the Singapore Economic Development Board (EDB), Sembcorp Industries Ltd, Singtel, and Enterprise Singapore. Indonesian Ambassador to Singapore, Suryo Pratomo, expressed his optimism regarding Indonesia’s investment competitiveness. According to him, Indonesia’s strong economic growth will attract more investors, especially to SEZs, say Antara News.

“Indonesia’s strong economic growth will continue to attract more businesses and investments, especially the manufacturing industry and digital economy,” he said.

Antara News report that three Memorandums of Understanding (MoUs) were signed to support the development of Education and Digital SEZs in Indonesia.

The first MoU was between PT Intelegensia Grahatama, the development and management agency (BUPP) of Singhasari SEZ, and Kydon Holdings for the development of EduTech.

The second MoU sought to establish a partnership with Doughwitt in managing funding and investment activities in the technology and non-technology sectors.

The third MoU pertained to collaboration between Singhasari SEZ and Millet Holdings Pte. Ltd., and Timbre Group Pte. Ltd., for community empowerment through creation, marketing, and investment in Indonesia.

Source: Antara News

Stock photo by Fauzan on Unsplash

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Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.

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Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.