TEMPO.CO, Jakarta – David Sumual, an economist with PT Bank Central Asia (BCA), said the information and communication industry in Indonesia has continued to grow despite economic slowdown in the first quarter of 2015. According to David, the flourishing information and communication industry is a characteristic of a developing country.
“Indonesia has large population, while the information and communication industry is still tapping into the market. It’s an advantage for the information sector, and it has the potential to achieve a double digit growth,” David told Tempo on Wednesday, May 6, 2015.
Earlier on Tuesday, May 5, 2015, the Central Statistics Agency (BPS) released reports that Indonesia’s economic growth in the first quarter of this year stood at 4.71 percent, slowing down from last year’s figure of 5.14 percent.
The information and communication industry has managed to achieve the highest growth by 10.53 percent, followed by the other service sector by eight percent and the financial service sector by 7.57 percent. Meanwhile, the mining sector suffered a minus growth at -2.32 percent.