Indonesia offers Thailand digital economy investment opportunities

Jakarta (Indonesia Window) – Indonesia, as a key player in the digital economy sector in Southeast Asian region, offers cooperation and investment opportunities to the Thai business community.

The offer was conveyed at an online seminar on Indonesia Investment Promotion on Digital Economy organized by the Indonesian Embassy in Bangkok to commemorate the 70th anniversary of diplomatic relations between Indonesia and Thailand on Tuesday (Nov 3).

At the event, four Indonesian digital companies, namely Halodoc, LinkAja, MDI Ventures, and Nongsa Digital Park (NDP) introduced their business, as well as offered various business opportunities and cooperation to the Thai entrepreneurs.

“In the midst of the COVID-19 pandemic, Indonesia continues to expand economic cooperation based on the principle of mutual benefit, including with Thailand,” the Chargé d’Affaires of the Indonesian Embassy in Bangkok, Dicky Komar, remarked at the opening of the online seminar.

As the two largest economies in the Southeast Asian region, Indonesia and Thailand, implement the same economic diplomacy through developing the industrial revolution 4.0.

Like Thailand, Indonesia continues to strengthen the digital industry sector, creative economy, and human resource development to strengthen national capacity in the era of the industrial revolution 4.0.

The impact of the COVID-19 pandemic has forced the two countries to accelerate the digital economy transformation process by involving all sectors, with the aim of overcoming the socio-economic impacts and increasing competitiveness and resilience during and after the pandemic.

Kasama Kongsmak, Executive Vice President of the Digital Economy Promotion Agency (DEPA) of Thailand, and Kobsak Pootrakul, Senior Executive Vice President of Bangkok Bank who is also a representative of the Thailand Indonesia Business Council (TIBC) were the speakers at the seminar.

They welcomed Indonesia’s offer and hoped for a mutually beneficial collaboration for the two countries to strengthen digital economic development in the region to accelerate economic recovery.

Thailand also opens opportunities for Indonesia to expand its digital economy businesses. Two major Indonesian start-up companies, namely GOJEK and Traveloka, have successfully penetrated the Thai market.

Reporting by Indonesia Window