Indonesia

Deepening its Reach in Indonesia, Alibaba Cloud Announces Its New Cooperation (Warta Ekonomi)

In order to encourage the development of digital transformation in Indonesia, Alibaba Cloud as the backbone of Alibaba Group's data intelligence announced the latest projects with Adira Finance, JNE Express, and MNC...

ASEAN

AMTD, Xiaomi gun for digibank licence with SP Group, Funding Societies (The Business Times)

Hong Kong financial services group AMTD Group has linked up with some prominent Singapore names as well as a familiar partner - Chinese tech giant Xiaomi Corp - to vie...

Southeast Asia

Bringing digital financial services to S-E Asia (The Business Times)

With a population of 570 million and a booming GDP expected to reach US$4.7 trillion by 2025, the six largest markets in South-east Asia - Indonesia, Malaysia, the Philippines, Singapore,...

ASEAN

Top 3 Connectivity Trends within ASEAN in 2020

As per individual consumption of technology, people are increasingly demanding cheaper, faster and more convenient usage of products/services delivered by businesses. In fulfilling these needs to customers and stakeholders, connectivity...

ASEAN

How Smart Energy Management Systems Can Drive Transformation in ASEAN Countries

The Building Energy Management System (BEMS) market is growing rapidly in the Asia-Pacific region, and companies like NTELS are focusing on capturing this growth in ASEAN. Enterprise end-users such as TCC Assets (a developer in...

Singapore

Grab and Singtel have jointly applied for a digital bank licence in Singapore (Business Insider)

Grab and Singtel have joined hands in an effort to take on Singapore’s rapidly evolving fintech industry. The companies said in a joint press release on Monday (Dec 30) that...

ASEAN

'China + 1' hedge will keep Asean in spotlight (The Business Times)

In a report sent in late November, Maybank Kim Eng senior economist Chua Hak Bin said that a US-China partial trade deal will not halt the supply chain from shifting...

Indonesia

Indonesia among top e-money drivers in Southeast Asia: S&P report (The Jakarta Post)

Indonesia is among the top drivers of e-money growth in Southeast Asia alongside neighboring Malaysia, Singapore, the Philippines and Thailand, according to an inaugural report commissioned by Standard and Poor’s...

ASEAN

Crucial for EU, German firms to entrench presence in region: Chan (The Straits Times)

The significant benefits German firms and their European Union colleagues have reaped from using Singapore as their regional base underscore the need for them to build on these foundations, said...

Vietnam

Vietnam’s IT Sector: 5 Industries to Watch (Vietnam Briefing)

As Vietnam moves from low-tech manufacturing to a service-oriented economy, the country’s information technology (IT) market is increasingly gaining traction, giving competition to IT firms in China and India. This...

ASEAN

Growth in ASEAN: Opportunities for Enterprises and Technology Solution Providers

An increasing number of enterprises have implemented IoT solutions for their businesses – a more than 60% increase of respondents compared to 2017. However, on this enlarged base, a lower...

Vietnam

Vietnam Immersing Herself In The Industry 4.0 Flow

At the summit, Head of the Party Central Committee (PCC)'s Economic Commission Nguyen Van Binh introduced the Politburo’s Resolution No. 52-NQ/TW, with a number of guidelines and policies to ensure...

Southeast Asia

Southeast Asia's mobile payments face shakeout as market booms (Today Online)

Southeast Asia has at least 150 e-wallet license holders, and firms including Grab, Go-Jek, Tencent Holdings, Ant Financial, Singapore Telecom, AirAsia and dozens of fintech firms are fighting for dominance. In...

Myanmar, China

BRI project set to benefit ASEAN countries, observers, leaders say (Myanmar Times)

“China-Myanmar cooperation brings economic benefits and projects are carried out in accordance with Myanmar’s national plans and priorities with socially responsible and environmentally conservative models. We need to find methods...

Vietnam

Vietnam, Indonesia lead ASEAN in internet economy growth (Vietnam Plus)

Vietnam's digital economy has topped 12 billion USD this year and is expected to surge to 43 billion USD by 2025, with e-commerce, online tourism, online communications and media, and...

Southeast Asia

Southeast Asia’s internet economy booming (The ASEAN Post)

Southeast Asia’s internet economy has reached US$100 billion for the first time and is expected to triple by 2025. Southeast Asia currently has 360 million internet users, an increase of 100...

ASEAN

Thailand, Vietnam and Philippines named as likely 5G laggards (Nikkei Asian Review)

Management consulting firm A.T. Kearney published a report in late September that projected that 5G penetration will reach at most 40% within almost all of the 10 countries of the...

Southeast Asia

SE Asia’s digital economy may treble to US$300b by 2025, S’pore ‘punching above weight’: Report (Today Online)

With the rise of e-commerce, ride hailing and online gaming in South-east Asia, the region’s Internet economy could swell to US$300 billion (about S$415 billion) by 2025, three times its...

Asia Pacific

Challenges loom for Asia’s digital landscape (Inquirer)

Last week, the United Nations Conference on Trade and Development (UNCTAD) released its first ever annual Digital Economy Report (2019). “Indonesia, Vietnam and the Philippines have the scale, with populations over...

Vietnam

Making a breakthrough transformation to drive Vietnam towards a Digital Vietnam

This year, the Ministry of Information and Communication is drafting the Prime Minister’s Decision on National Digital Transformation Project to make a breakthrough transformation to drive Vietnam towards a Digital...