Small S'pore firms to visit RI

Small S'pore firms to visit RI

JAKARTA (JP): About 200 small and medium Singaporean
enterprises will accompany the city state's premier, Goh Chok
Tong, in his visit to Jakarta to explore investment opportunities
in the country.

The Association of Indonesian Medium Enterprises (AUMI) said
in a statement on Monday that the Singaporean firms would meet
during the visit with small and medium Indonesian enterprises on
the possibilities of setting up joint operations or joint
ventures.

It said it was asked last year by the Association of Small and
Medium Enterprises (ASME) of Singapore to find potential partners
for the Singaporean firms.

AUMI said the Singaporean firms sought business opportunities
in agriculture and electronics.

They were also interested in relocating their businesses to
Indonesia and entering the country's market.

They also offered to buy agricultural products from Indonesian
firms, while providing technical assistance to their businesses,
the association said.

It said the Singaporean firms expected their products to be
more competitive in the global market by investing and
cooperating with Indonesian firms.

The meeting will be held on Jan. 13 at the Shangri-La hotel in
Central Jakarta, AUMI said.

AUMI also said Singapore would host the World Summit on Small
Business on March 29, which Coordinating Minister for the
Economy, Finance and Industry, Kwik Kian Gie, was expected to
attend.(03)