Singapore

S'pore only S-E Asian market to see growth in private equity deals, deal value in 2020: Report (The Straits Times)

Bain & Company partner Alessandro Cannarsi pointed out that while there have been very successful firms in the Internet ecosystem in South-east Asia, it remains an ecosystem with "ample headroom to...

Southeast Asia

Stronger-than-expected PE fundraising for SE Asia in 2020 shows region's potential (DealStreetAsia)

"Southeast Asia's sizeable millennial and rapidly urbanizing population is shaping the speed of growth and technology innovation. As such, key areas that we are focused on include financial services, education,...

Vietnam

Business urged to take a pioneering role in digital transformation (Vietnam Plus)

“Enterprises are the core of the economy, can not outside the digital, especially in the context of the pandemic which is changing the world with a transition towards the digital...

Philippines

World Bank commits continued support for Philippines digital transformation (PhilStar Global)

The Philippines Digital Economy Report 2020, crafted by the bank with the National Economic and Development Authority (NEDA), provides an overview of the Philippine digital economy, as well as challenges...

Southeast Asia

AirAsia pivots to digital business with superapp, aims to capture ASEAN market (The Jakarta Post)

Southeast Asia’s largest budget airline AirAsia Group is expanding its digital profile by launching a super app that provides a wide range of services from travel and lifestyle to logistics,...

Thailand

EEC Office readies BoI-style tax incentives for SEZ investors (Bangkok Post)

The EEC Office is scheduled to make a proposal to the EEC Policy Committee chaired by Prime Minister Prayut Chan-o-cha this month to approve in principle the development of smart...

Thailand

Telcos optimistic for a bright 5G future (Bangkok Post)

An increase in 5G infrastructure investment is a critical need currently to allow the overall recovery of the economy as well provide a fundamental shift in serving digitisation, Pratthana Leelapanang,...

Malaysia

Sunway, Celcom and Huawei Malaysia ink MOU to develop 5G in Sunway City (Digital News Asia)

Sunway Bhd (Sunway), Celcom Axiata Bhd (Celcom) and Huawei Technologies (Malaysia) Sdn Bhd (Huawei) yesterday sealed a memorandum of understanding (MoU) to explore Malaysia’s first tripartite collaboration towards advancing smart...

Vietnam

Vietnam Taking Steps to Accelerate Digital Transformation

Minister of Information and Communications Nguyen Manh Hung asserted that the COVID 19 pandemic is a once-in-a-century opportunity to accelerate digital transformation on a national level. He further stressed that...

Philippines

DICT seeks P46.6-B budget for 2021 (Manila Bulletin)

The Department of Information and Communications Technology (DICT) is seeking Congress approval of its P46.6-billion budget for fiscal year (FY) 2021 to fund programs for digital transformation in the new...

Indonesia

BRI Ventures, a pioneer in venture capital for UMKM start-ups (The Jakarta Post)

Through Sembrani Nusantara, BRI Ventures is set to raise Rp 300 billion from investors that will be distributed in the form of participating shares for start-ups in Indonesia. The investors...

ASEAN

Cohesiveness will be vital for Asean’s post-pandemic economic recovery (The Business Times)

We will see increased digitisation and automation of everything. We will see significant shifts in supply chains as businesses look to diversify the sources of essential components away from single locations. We...

Vietnam

Facebook launches campaign to assist Vietnam in developing digital economy (Nhân Dân)

Focusing on innovation, safety and digital literacy, smart cities, the digital economy and the community, the “Facebook for Vietnam” programme is being deployed from May to December this year by...

Thailand

Covid-19 trends likely to stick (Bangkok Post)

The business world won't be the same after the Covid-19 pandemic is over, with technology in the limelight. Outbreak-driven digital transformation is likely to be adopted by businesses and workers, said...

Vietnam

Can Tho to become first smart city in Mekong Delta by 2025 (Vietnam Plus)

Can Tho, the most populated city in the Mekong Delta region, has achieved outstanding results in developing a project to build a smart city after nearly two years of implementation. Vo Thi Hong...

Vietnam

COVID-19: Challenges, Opportunities and the Road Ahead for Vietnam’s (Digital) Economy

Fears of the COVID-19 impact on the global economy have rocked markets worldwide, Vietnam is no exception. The impacts of the COVID-19 pandemic are unfolding in real time. Two applications...

Malaysia

Malaysia’s digital transformation efforts progress (Computer Weekly)

Malaysian enterprises are taking steps to modernise their infrastructure, but many are still grappling with the lack of niche IT skills in key emerging technologies such as the internet of...

Malaysia

Malaysia's Digital Economy: Bridging the Gap

One of Malaysia's key agenda is to strengthen the Digital Economy with efforts to improve the physical and digital infrastructure, at the same time encouraging digital adoption and upskilling among...

Thailand

IoT adoption set to surge on lower costs (Bangkok Post)

Internet of Things adoption in Thailand is expected to receive a boost as IoT network operators continue to jump into the market. Several players are engaging in wireless technology that...

Malaysia

Budget 2020: Accelerating Transition To A Digital Economy (Digital News Asia)

Malaysia government and its key institutions recognize that digital adoption is, at its heart, about economic development. Bank Negara’s Annual Report 2017 states that digital transformation could provide a boost...