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Jakarta Post

Internet economy to grow more slowly

  • Eisya A. Eloksari

    Jakarta

PREMIUM
Jakarta   /   Mon, November 30 2020   /  01:00 am
Illustration of learning through social media or internet(Shutterstock.com/mrmohock)

Indonesia is expected to remain the biggest internet economy in Southeast Asia despite the raging COVID-19 pandemic taking its toll, an industry study shows. The e-Conomy SEA 2020 report by technology behemoth Google, Singaporean state-owned investor Temasek and global consultancy Bain & Co. expects Indonesia’s internet economy to grow 11 percent year-on-year (yoy) this year to reach a value of US$44 billion as Southeast Asia's digital economy is expected to reach $105 billion. Indonesia and Vietnam are the only two countries projected to book double-digit growth this year. “We believe the growing number of talented developers, a young population and government support for the digital economy are all helping drive this momentum,” Google Indonesia managing director Randy Jusuf told The Jakarta Post on Wednesday.   Indonesia’s digital econo...