Digitisation of the economy is one of the focus areas for Indonesia’s growth. President Joko Widodo (Jokowi) is targeting a minimum of 20 million MSMEs to enter the digital ecosystem in 2022, followed by 24 million by 2023, and 30
The e-Conomy Sea 2021 report shows that Southeast Asia’s internet economic investment has started to recover amid the Covid-19 pandemic. The value of investment transactions in the region reached US$ 11.5 billion, up 83% year-on-year. The value of investment transactions
Google, Temasek, and Bain released a report estimating Indonesia’s digital economy’s value at US$ 70 billion (IDR 997 trillion) for this year, a 49% year-on-year growth. The report also estimates the digital economy to reach US$ 146 billion (IDR 2.08
With the increasing relevance of the e-commerce sector, more MSMEs have digitized. However, the government has identified 7 barriers faced by MSMEs to successfully digitize. Some of those barriers are lack of innovation in the digital economy, limited integration with
President Joko Widodo’s three-part approach includes industrial downstreaming, digitising MSMEs, and the green economy. Jokowi said that some of the downstream results are already observable. Indonesia’s steel exports have reached US$ 10.5 billion during the first half of 2021. Other
President Joko Widodo announced that the GDP contribution from Indonesia’s digital economy is currently at 4%, and urges the need for the digital economy to grow at a faster pace. He highlighted the potential of Indonesia to make up 40%
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