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Ambassador convinces Singapore investors to faucet in Iindonesia`s digital economy

Ngurah Swajaya
Indonesian Ambassador to Singapore Ngurah Swajaya (Dokumentasi KBRI Singapura)

Indonesian Ambassador to Singapore Ngurah Swajaya has urged Singapore investors and start-ups to faucet within the potential of the digital economy in Dutch East Indies.

A total of fifty nine investors, capital companies and startups attended the discussion, entitled “Indonesia 101: The State of Indonesia?s Digital Ecosystem”, consistent with a press release from the Indonesian Embassy in Singapore on Fri.

The event was additionally attended by Co-Founder of East Ventures, Willson Cuaca, and Chairman of Singapore Fintech Association, Chia Hock Lei.

During the gap ceremony, Indonesian Ambassador to Singapore Ngurah Swajaya opened a discussion by transfer the potential of Indonesia`s digital economy, that is presently the biggest in Association of Southeast Asian Nations.

Ambassador Ngurah additionally invited capital (VC) companies and investors to participate within the Regional Investment Forum on March eleven in {jakarta|Jakarta|Djakarta|capital of Dutch East Indies|national capital} and explore investment opportunities within the digital economy in Indonesia.

“Indonesia`s ability and young talent is that the main issue for the expansion of four unicorns from Dutch East Indies that are developed by young abilities, that presently has Associate in Nursing economic valuation on top of North American nation $ one billion,” consistent with Ngurah.

“In addition, the Indonesian Government provides robust commitments to boost tributary conditions, particularly within the easy doing business for investments and ecosystems that support investment within the startup sector and therefore the digital economy,” he said.

Ambassador Ngurah`s statement was strengthened by testimony given by Willson Cuaca, United Nations agency had invested with and took part within the growth of many unicorns in Dutch East Indies since 2010.

“Indonesia features a excellent scheme for startup development, not solely as a result of the numerous issues that startups will explore and improve with digital applications, however additionally a promising market followed by sensible abilities, growth and progressively favorable rules for startups businesses,” he said.

“This makes Dutch East Indies one in all the countries in Association of Southeast Asian Nations that’s terribly engaging at this point, and into the longer term,” he continuing. Some Indonesian unicorns have even penetrated into Association of Southeast Asian Nations countries by utilizing the Association of Southeast Asian Nations Economic Community?s quite 600 million residents.

Meanwhile, Chairman of the Singapore Fintech Association, Chia Hock Lai, United Nations agency can before long be launching a cryptography faculty for fintech and blockchain, additionally attended the event, amid the Chairman of Nongsa Digital Park, President of Citramas cluster, creese Wiluan, and business executive of Glexindo, Hadi Lee, beside many prime capital companies, investors and Singaporean startups.

The total investment from Singapore into Dutch East Indies throughout 2018 has increase by nine.1 percent, or USD 9.2 billion, and this once more places Singapore because the largest capitalist in Dutch East Indies.

Chia Hock Lai additionally mentioned his experiences in finance in Dutch East Indies. he’s currently pioneering the gap of a cryptography faculty, unitedly with business players from Dutch East Indies.

Speaking ahead of alternative potential investors, Chia Hok Lai expressed her confidence for investors to speculate in Dutch East Indies, and praised the cooperation and support of the Indonesian Embassy in Singapore.

“For 2019, we tend to area unit committed to increasing our investment in Dutch East Indies, particularly within the field of Education, as a result of the speedy development of the digital economy needs new abilities,” he explained.

“We even have a powerful commitment to the event of the startups community and therefore the spirit of entrepreneurship in Dutch East Indies,” he continuing.

The Indonesian Ambassador invited all Singaporean investors and startups to attend the 2019 Regional Investment Forum (RIF), which is able to be remained 10-13 March 2019 by the Indonesian Investment coordinative Board in Djakarta.

Some twenty five capital companies have expressed interest in attending the event. As a facet event, the Indonesian Embassy will hold a facet event to explore investment opportunities within the field of digital economy, on the sidelines of the RIF, on March eleven, 2019.

Ambassador Ngurah additionally declared that the Indonesian Embassy continually stands able to assist capital companies to go to and meet Indonesian startups, for comprehensive consultations, like match-making, explanations of taxation rules and labor consultations.