05 INTERNATIONAL TECH HUBS THIRD EDITION | BDO LLP
INDONESIA
THE TECH LANDSCAPE In the development phase of its digitisation journey, the Indonesian business landscape is primed to connect multi- functional industries with local and international markets, particularly in the eCommerce space. With more than 17,500 islands, Indonesia is one of the world’s diverse countries in terms of numbers of ethnic groups and languages spoken, with English its official second language. This generates unique opportunities for investors and businesses alike, creating an exciting landscape for global expansion and integration. Indonesia is also advantageously positioned in demographic terms, with the population likely to be dominated in 2025-35 by people in the most productive age group. Not only is this a huge asset when it comes to accessing local talent, but it also plays a key role in the region’s contemporary style of life, leisure, and its impressive purchasing power.
Yudhi Prasetyo has been in the consulting industry for over 20 years. He now works as Senior Partner in Advisory Services in the BDO’s Jakarta office, with a wide-ranging client base across the banking, financial,
telecommunication, manufacturing industries, as well as government institutes. Yudhi also heads up the BDO Indonesia IT Advisory and is an active member of Information Systems Audit and Controls Association, with particular expertise in risk management, cybersecurity and technological integration.
OVERVIEW Indonesia is a growing investment destination in the technology landscape. The fourth most populated country in the world, and the largest economy in Southern Asia, Indonesia has a strong history of growth and resilience even through times of recession. Indonesia may be smaller in terms of market capitalisation than the BRICS countries (the major emerging economies of Brazil, Russia, India, China and South Africa), but its modest size, combined with its growing middle-class demographic and stable economic growth, make it an ideal landscape for forward- thinking stakeholders and ambitious technology start-ups looking to make long-term investments for the future.
ECOMMERCE UNICORN TOKOPEDIA HAVE ALSO ANNOUNCED GOOGLE AND TEMASEK AS NEW SHAREHOLDERS, HAVING LAST YEAR REACHED 90MILLION MONTHLY ACTIVE USERS.
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