Digital Economy Transactions Predicted to Grow 73-Percent by 2030

Defara Dhanya Paramitha, reporting for Tempo, says that Citi Commercial Bank Indonesia (Citi Indonesia), a subsidiary of Citigroup from New York, is holding a forum titled ‘Indonesia Digital Leaders’ Summit 2022’ by gathering digital economy players from various sectors. 

In this event, Citi Commercial Bank Indonesia’s Country Head, Patrick Wong, explained that based on the 2022 Southeast Asia E-conomy Report issued by Google , Temasek and Bain & Company, Indonesia is projected to achieve digital economic transactions of USD 360-billion in 2030. 

“This forum comes at the right time as a meeting place to share experiences, network, and exchange ideas with sources, leading experts and fellow digital economy actors,” said Patrick at the Alila Hotel, SCBD area, Jakarta, Monday, November 28, 2022. 

In addition, Indonesia is also expected to experience long-term activity investment growth (2025-2030) of 73-percent compared to today, report Tempo.

Citi Indonesia’s Chief Executive Officer (CEO), Batara Sianturi, said the event contained a discussion about the digital economy landscape amidst the rapid changes in the world economy to uncover new growth opportunities.

“This forum discusses business opportunities in an environmentally sound economy, renewable energy and gender equality. Then, investment dynamics from the perspective of digital economy investors, as well as discussing strategies for increasing the scale of start-up businesses,” said Batara. 

He said the purpose of this forum was to bring together business actors in the digital economy to explore opportunities and share experiences.

“This was initiated by (Citi) Commercial Banking and start-ups in Indonesia are in the top 5 in the world, around 2,300 start-ups in Indonesia,” he said. He conveyed, there are complexities and challenges in digitalization. So that Citi’s priority is placed on digital transformation. 

Digital transformation and growth is one of the three priority issues discussed at Indonesia’s G20 Presidency, in addition to issues of renewable energy transition and global health architecture.

Like many countries in Asia Pacific, Indonesia faces several hurdles in pushing for digitalization within its territory. However, the G20 Summit provides wider opportunities for Indonesian digital businesses to improve, expand their business in terms of quality and quantity, and go international. 

Source: Tempo

Latest Article
OJK to Allow Investment Managers to Establish Pension Funds
Indonesia’s Financial Services Authority (OJK) will soon allow investment managers to operate financial...
Indonesia Inflation Hits Three-Year Low
BNN Bloomberg are reporting that Indonesia’s consumer prices rose at their slowest pace in nearly three...
Indonesia’s Largest Investment Forum Set to Return
B-Universe Media Holdings and the state-owned bank BNI will hold its annual investment forum at the Jakarta...
Indonesia Ratifies Bilateral Defense Cooperation Agreements
According to reporting from Antara News, Indonesia’s House of Representatives (DPR) has legislated five...
Indonesia Invites AI Investment
Antara News are reporting that Indonesia’s Minister of Communication and Informatics, Budi Arie Setiadi,...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.