March 8, 2016 / 3:28 AM / 3 years ago

Indonesia targets $130 bln in e-commerce transactions by 2020

JAKARTA, March 8 (Reuters) - Indonesia information minister Rudiantara said the government is targeting $130 billion in e-commerce transactions by 2020 as its opens up investment in the sector to foreign investors.

In 2014, the minister said estimated transactions in e-commerce were $12 billion, and foreacst it would rise to $25 billion in 2016. (Reporting by Fergus Jensen; Writing by Fransiska Nangoy; Editing by Kim Coghill)

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