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Entering the second month of Expo 2020 Dubai, Indonesia once again demonstrated its strength in the digital economy and is expected to increase investment, establish trade relations and develop international tourism.
“Indonesia is ready to become the most promising digital market in Southeast Asia. This is supported by the ongoing work of various industry sectors in the country to achieve inclusive and sustainable economic growth,” Said Mohamed Lutfi, Minister of Trade of the Republic of Indonesia.
First of all, with abundant resources, talents and technological advantages, Indonesia is rapidly becoming an important part of the global supply chain. In the trade sector, it is strengthening its ability to produce various basic commodities such as steel, nickel and copper. Indonesia is also stepping up efforts to digitize and empower many domestic small, medium and micro enterprises (MSMEs) so that more companies can contribute to the country’s exports.
Secondly, Indonesia’s continuous efforts to develop its digital ecosystem are also consistent with its vision of establishing a circular economy system. By 2045, Indonesia’s goal is to become a developed country whose economic system maintains the maximum value of products, raw materials and resources.
Minister of Trade Lutfi believes that with the government’s continuous efforts to accelerate the development of trade and tourism, as well as the exponential growth of Indonesia’s digital and circular economy, Indonesia will become the most promising foreign investment market.
“The COVID-19 pandemic has forced millions of Indonesians to move their communication and social activities to the online realm, so we have witnessed the rapid development of the digital economy. Since 2015, the gross value of goods (GMV) in the digital economy Annual growth of more than 40%. This growth trend has further increased after the pandemic and will reach 42% by April 2020. These data indicate that Indonesia will become the most promising digital market in Southeast Asia by at least 2025. Lutfi said.
Based on these figures, Lutfi explained that the GMV of Indonesia’s digital economy is expected to reach 130 billion U.S. dollars, a growth rate much higher than other countries in Southeast Asia.
In addition, Lutfi said that the current development of Indonesia’s digital economy is closely related to the country’s growth drivers, such as PT Telekomunikasi Selular (Telkomsel) and PT AplikasiKarya Anak Bangsa (GoTo), which have laid the foundation of Indonesia’s digital economy.
Telkomsel is Indonesia’s leading digital telecommunications company, providing the country with key digital connectivity solutions for the past 26 years and developing an inclusive and sustainable digital ecosystem. With the support of more than 237,000 base station transceivers (BTS), Telkomsel enables 169 million users in Indonesia to stay connected, including remote areas. As part of the country’s critical infrastructure, Telkomsel continues to contribute to the growth of Indonesia’s digital economy by becoming the first 5G operator, providing innovative value-added digital platforms and services, changing the industry through the Internet of Things, big data, and digital advertising. All sectors of society develop digital lifestyles.
“Telkomsel has been at the forefront of accelerating Indonesia’s digital ecosystem and improving the quality of life of all sectors of society. At Expo 2020, we showcased our technological innovations and digital solutions that help accelerate Indonesia’s digital and creative economy sector , Especially in terms of advancing cross-sectoral industries, we hope this can encourage more investment and cooperation in Indonesia, whether for investment, trade or tourism,” said Telkomsel President, HendriMulyaSyam.
At the same time, as a leading technology group in Indonesia, GoTo combines on-demand logistics, e-commerce and financial services through the Gojek, Tokopedia and GoTo Financial brands. It is the first platform in Southeast Asia to host these three basic use cases in an ecosystem, providing services to more than 100 million active users every month, and has the potential to accelerate growth in the next few years. As the jewel in the crown of Indonesian technology and innovation, GoTo provides an unparalleled selection of goods and services, enabling consumers to shop, buy food and groceries, book taxis, arrange deliveries, pay bills, etc. in one convenient place. The digital ecosystem built by GoTo will continue to provide strong support for the development of Indonesia’s trade, investment and tourism sectors.
“GoTo has always believed in the potential of Indonesia’s digital economy. Our business has revolved around the use of technology to achieve inclusive growth from the beginning. Indonesia has a large and growing online population, so we know that we are In terms of supporting more small businesses, we still have a lot of work to do. With our expertise and deep influence in Indonesia, we are committed to bringing the benefits of the digital economy to more people and making Indonesia a truly digital global The powerful country feels optimistic.” Andre Soelistyo, CEO of GoTo.
The support of GoTo and Telkomsel, as well as other start-ups and telecommunications companies in Indonesia, has opened up greater opportunities for Indonesia’s desire to become the world’s leading digital economy.
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