Internationalisation (Asia) Series: New Ventures in Jakarta
- Internationalisation
Pre-trip workshops (in-person): 1 day
Overseas in Jakarta: 5 Days
(See programme details under Topic/ Structure)
Who Should Attend
- Small and Medium-sized Enterprises (SMEs) who want to expand their business in Jakarta
- Any other business owners who plan to start a business in Jakarta
- Individuals who are interested to explore business opportunities in Jakarta
Overview
Indonesia is actively opening up its economy to foreign investors across multiple industries, and there are attractive opportunities to be leveraged. Join us for this immersive programme to explore Indonesia and jumpstart your local Indonesian network. Get access to networks and opportunities that would be challenging to achieve alone.
This course will give you an overview of the country’s economic environment, potential and the challenges of setting up a business in Indonesia. Start your business in Indonesia on the right foot by gaining deep knowledge and insights from in-market meetings with experienced and successful businesses and entrepreneurs.
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Learning Objectives
At the end of the course, participants will be able to:
- Develop market insights on the economic potential of Indonesia
- Gain skillsets in recognising opportunities
- Identify and leverage the resources from the course to fast track business networking and ventures
- Avoid pitfalls faced by most entrepreneurs when venturing abroad
Topic/Structure
1. Pre-trip Workshop 1
Executive Insights into Indonesia & Key Economic Drivers
Get an overview of Indonesia and the social economic factors of how the country developed from a Dutch Colony to Southeast Asia's most promising economy. Learn a quick history of the country as well as the culture of the people. Following that, take a look at some key drivers of the economy as we deep dive into a few selected sectors such as consumer patterns and behaviours.
Setting up Business Operations Successfully in Indonesia
In the last 5 years, Indonesia has focused on attracting foreign investment and job creation. However, due to the size of the country and the complexity of its laws, regulations and business classification, setting up legal entities can get complicated and tedious. This programme will provide updates on key information to set up businesses in Indonesia.
2. Pre-trip Workshop 2
HR & Employment Best Practices in Indonesia
Indonesia has a youthful workforce where more than 60% of the population is below the age of 30. Labour in Indonesia is cost competitive, educated and increasingly skilled. This offers a great hinterland of sorts for businesses in other high-cost cities/ countries. Learn about the labor laws in Indonesia and the cultural sensitivity needed to work in Indonesia.
Guide to Internationalisation
Going regional and then international will be the default way for business owners to expand their business and grow their revenue. Learn how you can get the needed support for internationalisation as well as the pitfalls to avoid when expanding abroad.
3. Indonesia Learning Journey : Business Trip (Jakarta)
Our itinerary for this enriching business trip to Jakarta includes site visits and meetings that are planned to encompass a wide array of industries, including but not limited to:
- Professional services
- Manufacturing
- Food & Beverage
- Fintech
- Logistic
- E-commerce
*All schedules, itineraries, and business events are subject to availability and changes. Flight tickets, travel insurance, and VISA (if required) will be covered by participants.
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Fee Table
| COMPANY-SPONSORED | |||
PARTICIPANT PROFILE | SELF-SPONSORED | SME | NON-SME |
Singapore Citizen < 40 years old Permanent Resident LTVP+ | $2,289 (After SSG Funding 70%) | $889 (After SSG Funding 70% | $2,289 (After SSG Funding 70%) |
Singapore Citizen ≥ 40 years old | $889 (After SSG Funding 70% | $889 (After SSG Funding 70% | $889 (After SSG Funding 70% |
International Participant | $7,630 (No Funding) | $7,630 (No Funding) | $7,630 (No Funding) |
All prices include 9% GST
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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