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The digital economy and technology mega trends will further extend its run until 2030, some business observers have said, citing facts from the global economic outlook, capital market developments, as well as the rise in the digital economy and e-commerce industries. Based on data from the Ministry of Finance, digital economic growth will grow eight times by 2030.
E-commerce will have a very large role, which is 34%. In addition, B2B will also grow by 13% and health-tech by 8%. Recognizing this massive change, entering its third year of presence in Indonesia, private banking DBS Treasures Private Client presents a DBS eTalk Series webinar entitled “Navigating the Opportunities in New Economy” with economic experts, as part of its commitment to curated wealth solutions that are sustainable across generations.
Pandu Sjahrir, Commissioner of the Indonesia Stock Exchange (IDX) and Managing Partner of Indies Capital Partners, said that this pandemic is driving the adaptation of digital consumption trends five years faster than expected in the education, logistics, e-commerce, health-tech, insurance and insurance industries. investment transactions. Complementing traditional retail business players, the existence of e-commerce is now starting to take up a sizable portion, up to 10% of the total retail market which reaches USD300 billion.
Several companies related to the digital economy such as e-commerce are currently undergoing an initial public offering (IPO) process, thereby increasing the interest of the Indonesian people to invest in the capital market. This is in line with the growing number of investors in the Indonesian capital market.
According to data from the Indonesia Stock Exchange (IDX) and the Indonesian Central Securities Depository (KSEI), the Year on Year (YoY) figure for national capital market investors increased by 93% to 5.82 million for the period of July 2021.
Djoko Soelistyo, Head of Investment and Advisory Bank DBS Indonesia, explained that one indicator of the rapid growth of companies with technological innovations that are part of the new economy, is the performance of the NYSE R&D Innovation Index since 2000 which has grown by 449%, far above Nasdaq Index performance.
This changing landscape in the new economy era has been addressed from the start by DBS Treasures Private Client to take advantage of new opportunities that are starting to emerge. “We designed and reconstructed the customer's wealth preservation strategy in accordance with market developments to manage wealth optimally.
In relation to the new economy sector, our curated wealth solutions include exclusive private banking services that are not available in all banks, in the form of managing individual customer funds in global portfolios as well as mutual funds in domestic and foreign markets.
The convenience of optimizing the dynamics of strong investment opportunities on a 24/7 basis can be easily obtained through the digibank by DBS application. Now customers can enjoy the flexibility of mutual fund strategies to those based on foreign sharia securities, bond opportunities in IDR and USD, as well as transactions in more than 20 foreign currencies with real-time exchange rates," continued Djoko.
The success of DBS Treasures Private Client as a trusted partner is increasingly recognized with the various global awards it has won. These awards include Best International Private Bank as Indonesia's 1st Country Winner from the Asiamoney Private Banking Awards (2021) and The World's Best Banks as Indonesia's 1st Country Winner from Forbes (2021). As well as other awards, namely Best Bank in the World from Euromoney and Global Finance for three consecutive years (2018-2020), and Safest Bank in Asia, Global Finance for 12 consecutive years (2009-2020).