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telecomreviewasia.com

By Craig Burchell, Senior VP Global Government Affairs at Huawei, Shenzhen, China

Digital trade can accelerate economic recoveries by lowering transaction costs and accelerating time-to-market. For small and mid-sized enterprises (SMEs) in particular, it can mean the difference between expanding into global markets or remaining purely as a domestic business.

Read more: Southeast Asian countries should seize the chance to lead in digital trade

Technology has the potential to create transformative impact on lives, not only in the way we work and study, but also in humanitarian relief and assistance activities carried out in crisis-afflicted and disaster-affected regions in the world.

Read more: Tech innovations for humanitarian relief and assistance

As the largest market in ASEAN, with a population of 270 million, Indonesia is also one of the fastest-growing digital economies in the region, promising immense growth potential as tech efforts ramp up exponentially. Contrary to declines across other sectors, Indonesia’s digital economy reported a 4% growth from the preceding year to reach $44 billion in 2020, accounting for more than 4% of the country’s gross domestic product. By 2025, Indonesia’s digital economy is expected to jump threefold to reach $124 billion.

Read more: Indonesia: Behind ASEAN’s fast-growing digital economy