Opportunities for Foreign Investors in Indonesia’s Digital Economy – Latest Issue of ASEAN Briefing Magazine March 11, 2021 Posted by ASEAN Briefing Written by Ayman Falak Medina Reading Time: 1 minute
In this issue:
Legal Provisions in Indonesia’s Digital Economy
New Investment Opportunities in Indonesia
Indonesia’s digital economy has seen exponential growth over the last few years and is expected to be valued at US$124 billion by 2025.
An increasingly prosperous, tech-savvy consumer demographic is reshaping the way the nation consumes, creating a wealth of opportunities for foreign investors. An array of foreign tech giants, from Google to Amazon to Facebook, have already invested in Indonesia’s digital landscape, attracted not only by the long-term potential but the government’s ongoing efforts to develop much needed regulatory framework.
Although specific details of the implementation of the GBA Initiative have not fully been established, the past two years have witnessed many significant policy developments.
For example, on the financial services front, Hong Kong is working closely with mainland authorities to successfully implement a number of facilitation measures set out in the GBA Outline Development Plan, including remote onboarding for mainland bank account opening, promoting the usage of Hong Kong digital wallets in the GBA, as well as the successful launch of the Wealth Management Connect.
In
China Briefing magazine, we demonstrate the opportunities in the Greater Bay Area from multiple perspectives. We begin by presenting an overview of the GBA, and illustrate the role played by its major cities. Then, we summarize the major incentives offered in the region, before exploring the improving connectivity in the financial sector. Finally, we analyze Hong Kong’s role as a global financial hub, which will b
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