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...

Singapore

Singapore Telcos Could Make Up to $704m From 5G By 2025: Report (The Straits Times)

The introduction of 5G could add up to $6 billion in revenue for telcos across in South-east Asia by 2025 but telcos are likely to only capture about 60 per...

Vietnam

Digital economy for an inclusive ASEAN Community (Việt Nam News)

Ride-hailing firm Grab unveiled an ambitious plan to invest US$500 million in Việt Nam over the next five years, just a month after it announced an investment of $2 billion...

Vietnam

Vietjet inks MoU with Swift247 and Grab (Việt Nam News)

Vietjet Aviation Joint Stock Company (Vietjet) will team up with Swift 247, a technology start-up providing super express air delivery service (Swift247) and Grab to develop solutions for connecting road...

Indonesia

Indonesia's Digital Economy Attracts Global Investors: Minister (Tempo)

The Communication and Informatics (Kominfo) Minister Rudiantara thinks the USD 2 billion (Rp28 trillion) investment from SoftBank to Grab Indonesia shows that global investors see Indonesia as a potential digital market. This article originally...

Indonesia

Visa invests in Indonesia’s Go-jek, eyes digital payments across Southeast Asia (South China Morning Post)

Visa has invested in Indonesian ride-hailing firm Go-jek, as the two companies look to collaborate on digital payments across Southeast Asia. Both Go-jek and Visa will work together to provide greater...

Singapore

Asean the “real prize” for Singapore’s upcoming digital banks: Maybank Kim Eng (The Business Times)

The “real prize” for Singapore’s upcoming five challenger digital banks is the Asean market, where half of the population is underbanked and incumbent banks are still catching up. Digital banking offerings...

Taiwan, Philippines

IoT in Focus: Taiwan Excellence Showcases Select IoT Solutions at 30th Asia IoT Business Platform (Manila Bulletin)

Showcasing Taiwan’s expertise in IoT and other related fields, Taiwan Excellence is taking part as one of the key exhibitors at the 30th edition of the Asia IoT Business Platform in...