FILE PHOTO: The Microsoft logo is displayed before the Mobile World Congress in Barcelona, Spain, February 24, 2019. REUTERS / Sergio Perez / File Photo
JAKARTA (Reuters) – Microsoft Corp wants to invest in data centers in Indonesia that will soon make regulatory changes to facilitate the measure, the country’s president said after meeting with the software giant’s CEO on Thursday.
Indonesia’s digital economy is the largest and fastest growing in Southeast Asia and is expected to reach about $ 130 billion by 2025 compared to $ 40 billion last year, according to a report by Google, the state investor from Singapore Temasek Holdings and Bain & Company.
“Microsoft wants to immediately invest in Indonesia,” President Joko Widodo told reporters after giving a speech at an event celebrating 25 years of the company’s presence in the largest economy in Southeast Asia. Microsoft CEO Satya Nadella also attended the event.
“So within a week we will decide on a new simple regulation to support the investment,” Widodo said, without giving details on what the regulation could be or the size of the potential investment.
The Indonesian government presented a bill to parliament in January aimed at protecting consumer data in the digital age, but that has not yet been approved.
Microsoft did not immediately respond to a request for comment.
Maikel Jefriando reports; Written by Gayatri Suroyo; Edited by Edwina Gibbs