Indonesia is said to be the most popular investment destination in Southeast Asia, along with increased transaction activity in the first half of 2021. Indonesia's popularity has even surpassed Singapore. Managing Director, Investment (Telecommunications, Media & Technology and South East Asia), from Temasek, Fock Wai Hoong, said Indonesia was able to attract global capital to enter despite the uncertain market conditions. "Transaction activity strengthened again in the first half of 2021, making Indonesia the most popular investment destination in Southeast Asia with transaction values reaching a new record compared to the last few years," said Hoong, Wednesday (17/11).
The SEA e-Conomy 2021 report compiled by Google, Temasek, and Bain & Company said investment deal activity in Indonesia experienced a very strong revival in the first half of 2021 with 300 deals valued at US$4.7 billion or equivalent to Rp. 437 deals worth 4.4 billion US dollars in 2020. The value of deals in the first half of 2021 alone has exceeded the total of the last four years. Despite the uncertain market conditions, global capital continues to flow into the Indonesian market given the strong growth in the economic support sector, especially in the digital service area which has experienced increased usage due to Covid 19, such as e-commerce, fintech, healthtech, and edtech. The report also reveals that the release of shares to the public is also increasing and the Indonesia Stock Exchange is leading this development with the inclusion of a number of regional technology giants on the Indonesian stock exchange. Regionally, this year there are 23 consumer technology unicorns, seven of which are from Indonesia and there are already several planning to IPO in the near future. Hoong is very optimistic about the growth potential of Indonesia's internet economy which is driven by a very large user base, very enthusiastic, and has adopted digital services during the pandemic. Hoong hopes that Temasek can increase investment in the best digital companies in Southeast Asia.
Sources: https://www.republika.co.id/berita/r2q15g423/indonesia-tujuan-investasi-populer-di-asia-tenggara
