Squeezed by Digital Giants
Monday, April 26, 2021
The merger of Gojek and Tokopedia will begin a major disruption to the Indonesian economy. The government must anticipate the consequences for tax revenues and the quality of the workforce.
The digital business in Indonesia is about to enter a new phase. The planned merger between Gojek and Tokopedia followed by an initial public offering of shares, as well as a similar plan by Grab and a number of other startup companies, will accelerate the expansion of the digital industry into the financial and retail sectors in Indonesia. The government must draw up proper regulations to ensure that we do not simply turn into a market and fail
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