Indonesia gets ready to become Southeast Asia’s digital hub
Indonesia has set itself the goal to become nothing less than a regional digital hub in Southeast Asia as early as next year. To that end, the government has vowed to improve the regulatory framework that governs aspects of the country’s digital economy.
In the near future, digital technology will deeply influence the country’s development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister, according to the Jakarta Post.
The government has vowed to issue or revise at least five regulations related to the sector. They are a government regulation on e-commerce, a personal data protection bill and a tax office regulation on the e-commerce tax.
There will also be revisions on a regulation on the e-commerce road map and the management of electronic transactions and systems.
“The utilisation of digital technology will not remain limited to certain sectors but affect the country’s development as a whole,” Rudy said, adding that “this requires a more comprehensive strategy in preparing Indonesia’s development in the era of digitisation.”
His view corresponds with a new report on Indonesia’s digital technology industry which says the sector will become the largest supporter of the country’s economy by 2030 by helping conventional industries enter online markets.
The report, which was carried out by AlphaBeta, the Hinrich Foundation and the Center for Strategic and International Studies, estimates that the digital trade sector could create $172 billion worth of economic opportunities by 2030 for the Indonesian economy alone, which would be equivalent to nine per cent of country’s projected GDP at that time.
The AlphaBeta report said its projection comprised several sectors that could benefit from digital trade, such as agriculture and food, education and training, consumer goods and retail, infrastructure, resources, financial services, manufacturing and health.
Digital exports from Indonesia are expected to grow by a whopping 768 per cent to $17 billion by 2030, provided that Indonesia and its trade partners are willing to reduce trade barriers for the industry.
Indonesia has set itself the goal to become nothing less than a regional digital hub in Southeast Asia as early as next year. To that end, the government has vowed to improve the regulatory framework that governs aspects of the country’s digital economy. In the near future, digital technology will deeply influence the country’s development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister, according to the Jakarta Post. The government has vowed to issue or revise at least five regulations related to the sector. They are a government regulation on e-commerce, a personal data protection...
Indonesia has set itself the goal to become nothing less than a regional digital hub in Southeast Asia as early as next year. To that end, the government has vowed to improve the regulatory framework that governs aspects of the country’s digital economy.
In the near future, digital technology will deeply influence the country’s development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister, according to the Jakarta Post.
The government has vowed to issue or revise at least five regulations related to the sector. They are a government regulation on e-commerce, a personal data protection bill and a tax office regulation on the e-commerce tax.
There will also be revisions on a regulation on the e-commerce road map and the management of electronic transactions and systems.
“The utilisation of digital technology will not remain limited to certain sectors but affect the country’s development as a whole,” Rudy said, adding that “this requires a more comprehensive strategy in preparing Indonesia’s development in the era of digitisation.”
His view corresponds with a new report on Indonesia’s digital technology industry which says the sector will become the largest supporter of the country’s economy by 2030 by helping conventional industries enter online markets.
The report, which was carried out by AlphaBeta, the Hinrich Foundation and the Center for Strategic and International Studies, estimates that the digital trade sector could create $172 billion worth of economic opportunities by 2030 for the Indonesian economy alone, which would be equivalent to nine per cent of country’s projected GDP at that time.
The AlphaBeta report said its projection comprised several sectors that could benefit from digital trade, such as agriculture and food, education and training, consumer goods and retail, infrastructure, resources, financial services, manufacturing and health.
Digital exports from Indonesia are expected to grow by a whopping 768 per cent to $17 billion by 2030, provided that Indonesia and its trade partners are willing to reduce trade barriers for the industry.
