Minister: MSMEs Must Adopt Digital Platforms

According to a report published by Antara News, Trade Minister, Zulkifli Hasan, has urged local Micro, Small, and Medium Enterprises (MSMEs) to develop their businesses with the help of digital platforms, saying the growth of MSMEs affects the progress of a country.

“Without the growth of MSMEs, it will be hard to become a developed country,” he said on Tuesday.

According to the E-Conomy SEA 2022 report, the gross merchandise value (GMV) of Indonesia’s digital economy is projected to reach USD 77-billion by the end of 2022.

By 2025, the value of the digital economy is projected to reach USD 130-billion, with a 19-percent compound annual growth rate (CAGR), and by 2030, it is predicted to grow more than three-fold to around USD 220 to 360-billion, report Antara News.

The minister expressed the hope that Indonesia’s digital economy will improve even though a global recession is predicted next year.

He said that Indonesia must expand its penetration into new markets such as Africa, the Middle East, and South Asia.

Indonesia has several bilateral trade cooperation agreements with non-traditional countries such as the Indonesia-Chile Comprehensive Economic Partnership Agreement (CEPA), Indonesia-Mozambique Preferential Trade Agreement (PTA), and Indonesia-Pakistan PTA.

Deputy IV of the Coordinating Ministry for Economic Affairs, Rudy Salahuddin, said that Indonesia still needs 9-million digital talents for the next 15-years.

According to him, it takes a long time to produce human resources. Thus, short-term and long-term strategies are needed for human resource development.

The short-term approach is being carried out through training with business actors, while the long-term approach is being carried out by changing the curriculum so that digital talents can emerge early on, say Antara News.

Earlier, Minister of Cooperatives and Small and Medium Enterprises (SMEs), Teten Masduki, had said that as many as 20.5-million MSMEs have so far entered the digital ecosystem.

The Indonesian government is targeting to get at least 30-million MSMEs to join the digital ecosystem by 2024.

Source: Antara News

Latest Article
Indonesia’s Military Celebrates 79th Anniversary
President Jokowi led the celebrations of the 79th anniversary of the Indonesian Military (TNI) at Silang...
Minister Encourages Nature-focused Tourism Villages
Speaking during the “Nusantara Tourism Village Competition, Community Development Workers, and...
President Appreciates 2024 Pertamina Grand Prix of Indonesia
According to a press release on the website of The President of The Republic of Indonesia, President...
MotoGP Stars Parade Through Mataram
Antara News is reporting that a parade of MotoGP racers on several arterial roads in Mataram drew large...
International Book Fair Begins in Jakarta
Antara News are reporting that the Indonesian Publishing Community (IKAPI) is inviting everyone to participate...

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.