Minister: Digital Economy Is A Major Contributor To Growth

Kontan are reporting on a speech given by Indonesia’s Minister of Finance, Sri Mulyani Indrawati, at the Opening of the Financial Profession Expo 2022, Monday, where she said that the digital economy is one of the drivers of Indonesia’s economic growth, which is currently growing very rapidly.

According to reports, Sri Mulyani noted that the value of Indonesia’s digital economy in 2021 is the highest value in Southeast Asia, which is USD 70-billion and is estimated to reach USD 146-billion by 2025. In addition, 40-percent of Southeast Asia’s digital economy market share is in Indonesia.

“Development of the digital economy by involving the potential of Indonesia’s productive age population is an opportunity and key to accelerating recovery and increasing the resilience of the national economy in a sustainable manner,” Sri Mulyani said.

In addition to supporting the advancement of the digital economy, Sri Mulyani also reminded the importance of building awareness about sustainable economic development. Sustainable economic development has been and is being pursued by countries in various parts of the world, including Indonesia.

The 17-Sustainable Development Goals (SDGs) initiated by the United Nations in 2015 as a manifestation of its commitment to sustainability are briefly divided into three pillars. All three are sought to be integrated in every policy taken by the state, namely the social pillar, the environmental pillar, and the economic pillar.

Meanwhile, Sri Mulyani also said, the development of the digital economy and a sustainable economy is something that must be welcomed with open arms and is expected to improve the economy as a whole.

The Ministry of Finance has a target so that Indonesia can become a high income country in 2045. One of the efforts to achieve this, the government together with the Indonesian House of Representatives drafted a Bill on the Development and Strengthening of the Financial Sector (RUU P2SK).

The development and strengthening of the financial sector through the P2SK Bill is expected to produce a financial sector that is deep, innovative and efficient, inclusive and trustworthy, as well as stronger and more stable.

“As a professional in the field of finance that has changed a lot, you need to continue to equip yourself with knowledge and knowledge that is constantly changing, especially due to changes in the financial sector itself, digital technology, as well as new challenges such as climate change ,” said Sri Mulyani.

Not only that, he also reminded that in the future the financial profession will play an increasingly important and strategic role in the Indonesian economy. In the digital era, the financial sector will also experience changes, including activities that are increasingly borderless.

The need for credible financial information and guaranteed accuracy is very important for investors and stakeholders . Therefore, the role of the financial profession becomes important as a pillar of credibility and accuracy in making decisions both in the company or the financial sector.

Source: Kontan. Image by Gerd Altmann from Pixabay 

 

Latest Article
Govt Allocates More Subsidies for Electric Motorcycles
According to reporting from Antara News, Dadan Kusdian, Indonesia’s Secretary General of the Ministry...
Netherlands Consider Easier Visas for Indonesians
Citing Antara News, Tempo is reporting that Indonesia and the Netherlands discussed strengthening consular...
Ministry to Implement KRIS at 3,060 Hospitals by 2025
Indonesia’s Health Ministry is targeting to get more than 3,000 national hospitals to implement...
Hospital-based Specialist Doctor Program Launched
Speaking at the launch of a hospital-based specialist doctor program on Monday (6/5/24,) Indonesia’s...
Indonesia Anticipates Prabowo’s Cabinet
Prabowo Subianto and Gibran Rakabuming Raka will be sworn in as the country’s new president and vice...

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

[wpforms id=”43785″]

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.