Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(49)

Comparative Study on the Perception and Response of Singapore and Indonesia

Therefore, both countries have been immensely highlighted as key stakeholders of the newly-born economic community. In general, Singapore is appraised more prepared to explore the age of the AEC than Indonesia. 

Private sectors in Singapore, especially SMES have been aggressive in broadening their horizons across the region to excavate new growth chances. However, the future of the AEC may be overshadowed unless Indonesia fails to utterly nudge itself to the AEC