As Pence visits Indonesia to talk trade, Silicon Valley VCs meet in Bali

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“We’re viewing Southeast Asia and Indonesia as the new China and it’s very obvious that something great is going to happen,” said Shabana, adding that he thinks acquiring a customer in Indonesia will be costlier and more difficult in two to three years from now, which is why now is the time to get in.

Wayne Forrest, president of the American-Indonesian Chamber of Commerce described Indonesia’s potential for investment and scalable growth as positive:
“I think that the percentage of global GDP that the US represents is going to keep going down and the percentage of GDP from South Asian countries is going to continue to grow.”

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