NONGSA DIGITAL PARK (NDP) INVESTMENT AS A COOPERATION IN THE DIGITAL SECTOR BETWEEN SINGAPORE AND INDONESIA IN BATAM

Abstract

The digital economy is growing rapidly in the era of globalization in line with the advancement of the internet and technology. In the digital world, all economic sectors become connected, so that all countries strive to develop innovation through technological adaptation to take advantage of the opportunities of the digital economy. The digital sector greatly affects other economy sectors and will be an asset in the future. Investment in the digital sector requires improving resource capabilities and developing new and greater information technologies. Singapore is currently classified as advanced which means it has a very high adoption rate of technology and information, but has limited domestic consumption, while Indonesia has a large digital market with the most dynamic economic growth in Southeast Asia but has uneven technology. Batam is supported by contributions from integrated industrial areas and its strategic location is chosen as a digital park location for both countries. Digital cooperation between Singapore and Indonesia through NDP investment in Batam aims to adopt technology in accelerating the movement of digital economy.