Can Singapore businesses bank on Indonesia as a major growth driver?

This analysis from The Business Times Singapore examines whether Singapore businesses can rely on Indonesia as a significant growth driver. The article argues that a thriving Indonesia will benefit Singapore's economy and companies, given the close economic ties between the two neighboring countries. It explores the potential opportunities for Singaporean businesses in Indonesia's growing market, including sectors such as trade, investment, and services. The piece considers Indonesia's economic trajectory and its implications for Singapore's corporate sector, suggesting that Indonesia's development could serve as a major catalyst for Singaporean business expansion. The analysis is written by Leslie Yee and published on July 21, 2026, reflecting a forward-looking perspective on bilateral economic relations.