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Jakarta Post

Digital economy reaches new highs in 2019

  • Adrian Wail Akhlas

    The Jakarta Post

Jakarta   /   Thu, December 19 2019   /  01:49 am
Rapid growth: Workers at the Zalora warehouse sort packages during the 2015 national online shopping day (Harbolnas) in Cibitung, West Java. E-commerce and ride-hailing services have driven growth in Indonesia’s burgeoning digital economy. (JP/Seto Wardhana)(Harbolnas) in Cibitung, West Java. E-commerce and ride-hailing services have driven growth in Indonesia’s burgeoning digital economy. (JP/Seto Wardhana)

Rapid growth: Workers at the Zalora warehouse sort packages during the 2015 national online shopping day (Harbolnas) in Cibitung, West Java. E-commerce and ride-hailing services have driven growth in Indonesia’s burgeoning digital economy. (JP/Seto Wardhana)Indonesia’s burgeoning digital economy continues to reach new heights this year, largely driven by ride-hailing and e-commerce industries, despite several problems including a lack of skilled workers and cyberattacks that could hamper future growth.Indonesia’s digital economy is expected to be worth US$40 billion this year, up from last year’s $27 billion, representing a 48-percent growth, according to the annual e-Conomy Southeast Asia 2019 report by Google, Temasek and Bain & Company.The e-commerce and ride-hailing industries are firing on all cylinders this year, with compound annual growth rates (CAGR) p...