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This Week in AsiaEconomics

Indonesia keen to work with Singapore to stage big concerts after city state’s Taylor Swift success

  • After seeing how Swift enchanted fans in six sold-out concerts, Indonesia has a long list of plans to attract A-list stars to its shores
  • While there had been regional envy over Singapore’s exclusivity deal, Indonesia’s investment minister said it was just business and there was ‘nothing wrong’ with competition

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Economists estimate Taylor Swift’s shows would add around US$225 million to Singapore’s GDP in the first quarter. Photo: AFP
SCMP’s Asia desk
Indonesia has expressed its desire to team up with Singapore on attracting big-ticket concerts to the archipelago nation, following US pop star Taylor Swift’s exclusive six-date shows in the city state that sparked envy and disquiet among regional neighbours.

Indonesian Tourism Minister Sandiaga Uno recently visited the island republic and held talks with Singapore’s Minister for Sustainability and the Environment Grace Fu to explore potential collaboration on hosting entertainment events involving A-list celebrities.

“Considering the recent Taylor Swift concert in Singapore, the Singaporean economy has seen a significant increase, as the concertgoers brought in five times more spending than the typical tourists,” Sandiaga said in a statement last week.

Sandiaga said the government would set up a US$128 million Indonesia tourism fund aimed at supporting local organisers to stage world-class music shows.

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“Our strategy is to provide special incentives for promoters or event organisers who will bring in international events to Indonesia,” he said.

The minister added the initiative, likely to be launched this year, would also support cultural and sporting spectacles.

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Sandiaga pledged to cut red tape and overhaul the permit system to make the process “more transparent”.

“We believe with the digitalisation of concert permits, or this ‘single-door system’, promoters will not have any difficulties. It will cost less [for them] to apply for a permit,” he said.

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