ASEAN 2020: Indonesia underlines potential of digital economy
Indonesian President Joko Widodo has voiced his belief that the acceleration of digital transformation of micro-, small- and medium-sized enterprises (MSMEs) will encourage the revival of the regional economy.
Jakarta (VNA) - Indonesian President Joko Widodo has voiced his belief that the acceleration of digital transformation of micro-, small- and medium-sized enterprises (MSMEs) will encourage the revival of the regional economy.
In his speech at the ASEAN Plus Three Leaders’ Interface with Representatives from the East Asia Business Council on November 14, he called on all countries to continue believing that there are still opportunities amid the current difficulties.
According to the President, the COVID-19 pandemic has indeed dealt a blow on the world economy in which all countries without exception are facing negative economic growth. In ASEAN, more than 30 million people are facing the risk of losing their jobs.
By 2025, the ASEAN digital economy is projected to value at about 200 billion USD, while that of Indonesia is estimated to reach 133 billion USD by the time.
He noted, however, there are still many challenges in digital transformation. Many types of old businesses and jobs are closed. About 56 percent of jobs in five ASEAN countries are at risk of being lost due to automation.
In addition, the digital divide in ASEAN countries is still considered very large.
He went on to say that there are a number of things that ASEAN countries must continue to encourage. First, they need to ensure that the digital revolution runs inclusively by paying attention to aspects of access, affordability, and ability.
ASEAN must also move in order to become a big player in the digital-based economy while at the same time making the digital economy the main strength of the organisation.
Widodo emphasised that ASEAN should not be just a digital market, but must grow into a major force capable of helping MSMEs in ASEAN enter the global supply chains.
He said the governments of ASEAN countries must also have a bigger share in encouraging digital transformation, adding that strong synergy between ASEAN countries was needed to create a conducive digital ecosystem in the region.
Digital trade barriers must be eliminated, legal certainty must be built, and simplification of procedures and licensing systems must be carried out, to strengthen partnerships between the governments and the private sector to strengthen digital connectivity./.
In his speech at the ASEAN Plus Three Leaders’ Interface with Representatives from the East Asia Business Council on November 14, he called on all countries to continue believing that there are still opportunities amid the current difficulties.
According to the President, the COVID-19 pandemic has indeed dealt a blow on the world economy in which all countries without exception are facing negative economic growth. In ASEAN, more than 30 million people are facing the risk of losing their jobs.
By 2025, the ASEAN digital economy is projected to value at about 200 billion USD, while that of Indonesia is estimated to reach 133 billion USD by the time.
He noted, however, there are still many challenges in digital transformation. Many types of old businesses and jobs are closed. About 56 percent of jobs in five ASEAN countries are at risk of being lost due to automation.
In addition, the digital divide in ASEAN countries is still considered very large.
He went on to say that there are a number of things that ASEAN countries must continue to encourage. First, they need to ensure that the digital revolution runs inclusively by paying attention to aspects of access, affordability, and ability.
ASEAN must also move in order to become a big player in the digital-based economy while at the same time making the digital economy the main strength of the organisation.
Widodo emphasised that ASEAN should not be just a digital market, but must grow into a major force capable of helping MSMEs in ASEAN enter the global supply chains.
He said the governments of ASEAN countries must also have a bigger share in encouraging digital transformation, adding that strong synergy between ASEAN countries was needed to create a conducive digital ecosystem in the region.
Digital trade barriers must be eliminated, legal certainty must be built, and simplification of procedures and licensing systems must be carried out, to strengthen partnerships between the governments and the private sector to strengthen digital connectivity./.
You should also see
Cuban leaders appreciate Vietnam’s support, call for more investment
Deputy Prime Minister Tran Luu Quang had a meeting with First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Diaz-Canel in Havana on April 15.
See more
ASEAN
Malaysia issues heatwave alert for 14 areas
The Malaysian Meteorological Department (MetMalaysia) has issued hot weather warnings for 14 areas across the country, particularly in the states of Perlis, Kedah, Kelantan, Sarawak and Sabah.
World
China, Thailand forge alliance for moon exploration
China and Thailand have inked preliminary agreements to collaborate on the peaceful exploration and use of space, as well as on the development of international lunar research stations.
World
MICHELIN Guide Thailand expands to Chon Buri
The Tourism Authority of Thailand (TAT) has announced an exciting expansion for the MICHELIN Guide Thailand 2025, which will now include Chon Buri province.
World
Malaysian airlines to charge carbon levy soon
Malaysia is gearing up for greener skies once the carbon levy collection by the airlines comes into effect as soon as the Malaysian Aviation Commission (MAVCOM) makes the necessary review, according to Assoc Prof Major Dr Mohd Harridon Mohamed Suffian, an aviation and aerospace expert.
ASEAN
India boosts maritime cooperation with ASEAN member states
Indian Coast Guard (ICG)’s Pollution Control Vessel (PCV) Samudra Paheredar arrived at Muara, Brunei, on April 9 as part of its ongoing overseas deployment to ASEAN countries.
