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Indonesia set to bounce back stronger post-pandemic

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To boost economic recovery, the Indonesian government has provided assistance to businesses, such as extending tax incentives for qualifying entities and setting aside 699.4 trillion rupiah (S$63.5 billion) under the National Economic Recovery programme to roll out support packages for healthcare, social protection and businesses.

There are some silver linings arising from Covid-19. One of the most significant developments has to be the rapid pace of digital transformation across all sectors.

Since the start of the pandemic, years-long digital transformation road maps have been compressed into days and weeks as governments, businesses and individuals adapt to the new normal. During this period, Indonesia’s digital economy expanded by 11 per cent to US$44 billion in 2020.

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