Jahja Setiaatmadja, President Director, Bank Central Asia

Indonesia’s growing economy and evolving technology attracts investors

28 January 2020

In this Global Platform video, Jahja Setiaatmadja, president director of Bank Central Asia, talks about the importance of digital technology, such as online banking and digitalised transactions, in adapting to the rising use of fintech in the market. Indonesia’s target growth rate is set to exceed the global average, at 5.3% for 2020. This, along with an inflation rate of only 3% and a stabilised exchange rate, will help attract investors in the coming years. Furthermore, the growth of retail, fashion, food and tourism infrastructure is expected to attract rising rates of foreign investment moving forward.

Transcript:

Indonesia can really play a big role in Asia because the demography is big. Indonesia has around a 260m population with a big economy and with a growing rate this year and the following year. And if you look at digitalisation, it's very advanced. We are catching up with China and other countries which are advanced in technology. And if you look on the effort of the government growing the infrastructure, the tourism, I think that will attract people from the whole Asia and Europe, and US and then with that in mind we believe that Indonesia will become more and more famous and investors will come to support the whole economy.

Jahja Setiaatmadja, President Director, Bank Central Asia

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  • The video looks great! Thanks to the whole OBG team for such marvelous efforts on creating this video and for the PR operation around it.

    Wael Al Andari, Marketing & Communications Manager, Saudi Business Machines