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Rather than a strategy that focuses on the dichotomy of digital downstreaming versus digital upstreaming, the future of the country's digital economy will be better served by a nuanced, holistic plan that incorporates both.
The evolution of technology adoption in the insurance industry, or insurtech, has led to a paradigm shift from protection to prevention, and should be built into the national digital strategy so it addresses real-life cases in a disaster-prone country.
Indonesia may reap significant benefits if the country can fully utilize its services potential, but the government must first ease restrictions and enact sweeping policy reforms to actually realize it, World Bank said.
While the 2024 candidates seem to be on the same page regarding the need to tap into Indonesia's digital potential, their vision statements also tend to fall short in terms of elements critical to implementation, such as cyber resilience, digital inclusion and digital market governance.
Developing closer economic interaction between ASEAN and EAEU holds potential for a synergy that can contribute to sustainable development in Asia and provides outstanding opportunities for member states of both organizations.
Indonesia is expected to see a deceleration in its digital economy growth in the coming years, in line with other emerging countries in the ASEAN region, as tech companies in the bloc face pressure to shift to profitability after years of focusing on growth.
Chinese super app TikTok will no longer process transactions through TikTok Shop starting Wednesday afternoon, after widespread public accusations that the feature negatively impacts local businesses.
Carrying the theme of "Recover Together, Recover Stronger," Indonesia successfully hosted the Group of 20 presidency last year. Through this theme, Indonesia emphasized the following three priority agendas; Global Health Architecture, Sustainable Energy Transition and Digital Economy Transformation.
