DBS : Seizing the investment opportunity of digital economy and technology mega trends | Bahasa

Seizing the investment opportunity of digital economy and technology mega trends | Bahasa Economists share insights into the development of Indonesia's New Economy as part of the curated wealth solutions by DBS Treasures Private Client

Indonesia, 20 Aug 2021 - The digital economy and technology megatrends will continue to develop into the New Economy until 2030. It is indicated by the global economic outlook, capital market developments, as well as the rise in digital economy and e-commerce industries. Data provided by the Indonesian Ministry of Finance showed that digital economy will grow eightfold by 2030. E-commerce will play a massive role, with a growth of 34%. In addition, B2B will grow by 13% and health-tech by 8%. In view of this massive change, DBS Treasures Private Client presented the DBS eTalk Series webinar entitled 'Navigating the Opportunities in New Economy' featuring a panel of experts as part of the commitment to curated and sustainable wealth solutions across generations.

Pandu Sjahrir, Commissioner of the Indonesia Stock Exchange (IDX) and Managing Partner of Indies Capital Partners, said the pandemic is driving the adoption of digital consumption trends five years faster than expected in the education, logistics, e-commerce, health-tech, insurance and investment transaction industries. The market size of e-commerce, which complements traditional retail business players, is growing to a sizable portion, accounting for up to 10% of the total retail market, which is worth USD300 billion.

Several companies engaged in digital economy like e-commerce are currently conducting initial public offerings (IPOs), thereby increasing the interest of the Indonesian people in investing in the capital market. This is in line with the growing number of investors in the Indonesian capital market. According to data provided by the Indonesia Stock Exchange and the Indonesian Central Securities Depository (KSEI), the number of national capital market investors increased by 93% yoy 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 increased by 449%, far above the performance of the Nasdaq Index.

DBS Treasures Private Client has been closely monitoring the changing landscape in this era of New Economy from the start to take advantage of new opportunities. '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, through the management of individual customer funds in global portfolios as well as mutual funds in domestic and foreign markets. The convenience of optimising 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,' Djoko added.

DBS Treasures Private Client's achievements as a trusted partner are increasingly recognised as demonstrated by the various global awards it has won. These awards include Best International Private Bank, 1st Country Winner Indonesia, at the Asiamoney Private Banking Awards (2021), and The World's Best Banks, 1st Country Winner Indonesia, from Forbes (2021). It was also named Best Bank in the World award by Euromoney and Global Finance for three consecutive years (2018-2020), and Safest Bank in Asia, by Global Finance, for 12 consecutive years (2009-2020).

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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's 'AA-' and 'Aa1' credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named 'World's Best Bank' by Euromoney, 'Global Bank of the Year' by The Banker and 'Best Bank in the World' by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 12 consecutive years from 2009 to 2020.

DBS provides a full range of services in consumer, SME, and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SG50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.