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.
In this issue of the ASEAN Briefing magazine, we provide an overview of Indonesia’s digital economy, its vibrant startup scene, and how investors can utilize Singapore as a base for expansion into the country. We then analyze Indonesia’s new laws for digital tax and the process for foreign companies to stay compliant. Finally, we focus on the investment opportunities in Indonesia’s digital economy in areas, such as e-commerce, fintech, and the Internet of Things.