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President Joko Widodo Promotes Indonesian Digital Economy to ASEAN

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Indonesian President, Joko Widodo promoted investment opportunities in the Indonesian digital economy to ASEAN countries during the ASEAN Business and Investment Summit on Monday (25/10). In his remark, as seen on the presidential secretariat's official YouTube Channel, President Joko Widodo said that Indonesia opens as wide as possible the investment opportunities in the digital economy sector.

He further said that Indonesian digital economic value is very promising. It is predicted to reach US$124 billion in 2025, or equal to 40 percent of Southeast Asian total digital economic value. Currently, there are 2,229 start-ups in Indonesia, making it the 5th biggest in the world. There are also one decacorn and six unicorns.

The president further remarked that regional economic activity's adaptation towards the digital economy must be accelerated in all ASEAN member countries. He emphasized that digital technology is the most effective solution during activity restrictions in the people's economic activities.

According to him, as a region with the fastest internet growth in the world, ASEAN's digital economic potential is colossal. Amid the Covid-19 pandemic, the digital economy grew up to US$100 billion in 2020. According to Joko Widodo, this is a milestone for economic progress of the region.

President Joko Widodo also affirmed that Indonesia supports ASEAN as a digitally connected community. The Indonesian government even has made the Indonesian Digital Roadmap 2021-2024, as a strategic guidance for the nation's digital transformation.

The Indonesian president also remarked that ASEAN regional economy will not only recover, but also can jump further and grow together justly and sustainably. Therefore, he affirmed that a jointly quick movement in handling the health sector, reactivating the safe travel and accelerating the just digital economy will become the gate for a common recovery and advancement.

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