While Singapore has one the world’s leading startup ecosystems and is a regional hub for trade, venture capital and high-tech manufacturing offering easy access to startup financing and favourable corporate tax laws; Indonesia is one of the fastest growing economies in the world.
Indonesia’s digital economy could rake in US$ 250 billion in economic growth by 2025.
Both countries have different scenarios when it comes to access to human capital. For Singapore, talent availability is a growth issue while in Indonesia, talent is readily available. Both countries offer tremendous ease of doing business. Indonesia has one of the fastest and cheapest processes of business registration and the influence of external economies is considered low.