Southeast Asia

Reinventing Southeast Asia’s retail industry to drive economic recovery (The Business Times)

With consumer behaviours, operating environments and market conditions changing constantly, responsiveness and speed are more important than ever. This is where technology platforms come in, acting as enablers for agility,...

Vietnam

Digital transformation offers Vietnam better transportation services: minister (The Star)

According to Decision 749/2020 of the Prime Minister, transport and logistics are two of the eight priority fields for digital transformation. Digital transformation in the transport sector is different from...

Indonesia

Kominfo: Realization of 5G Network in Indonesia to Begin in 2021 (CNN Indonesia)

The Ministry of Communication and Informatics (Kominfo) stated that the realization of 5G will only begin in 2021. Director General of Information and Public Communication of Kominfo, Widodo Muktiyo said...

Philippines

The Future of Smart City Development: Prioritizing Value Creation with Data Insights

With a third of companies listed on the Philippines Stock Exchange Composite Index having a direct or indirect relationship with the real estate and infrastructure development in the country, we...

Philippines

PH industries’ automation level remains low (Manila Bulletin)

The automation level among manufacturing firms in the country has remained low, but the Department of Trade and Industry (DTI) said that various initiatives are in place to help local...

Indonesia

5G to add $8b to telco revenue in Indonesia by 2030: Ericsson (The Jakarta Post)

5G would enable smart operations and these could be applied through the entire supply chain. In manufacturing, 5G technology enabled fast and cost-efficient connectivity, which could increase production ability. “Many operators...

ASEAN

Innovation at scale is critical: UOB (The Business Times)

UOB's technology strategy and resources are focused on the bank's business priorities: to extend its regional connectivity to support its wholesale banking business; expand its omni-channel and digital strategy to...

Indonesia

Global firms remain upbeat about Indonesia’s digital economy (The Jakarta Post)

Bhima Yudhistira, an economist with the Institute for the Development of Economics and Finance (Indef), said Indonesia’s e-commerce and fintech industries showed the most promising growth compared to other sectors...

Southeast Asia

Digital challenger banks offer promise of inclusion (Business Times)

The number of digital challenger banks worldwide has grown significantly over the last decade, to a cumulative total of over 200, attracting about US$15 billion in funding. This growth has...

Singapore

Singapore ushers ASEAN into new digital banking era (Nikkei Asia)

"Both Sea and Grab-Singtel have significant existing customer bases, so for the two new digital full banks, the most important priority will be to launch products and services that differentiate...

Thailand

Exceeding Customer Expectations - Summary of Discussion with Muang Thai Life, Bangchak, Jardine and other Industry Leaders in Thailand

In 2020, one of the biggest digital transformation themes we covered was about customer experience and how the new rules of doing business in pandemic times make managing the customer...

Southeast Asia

Singapore banks grapple with digitization as disrupters beckon (Nikkei Asia)

DBS, OCBC and UOB have pledged to make digitalization a core part of their business transformation efforts and are spending a lot of cash to do it. DBS, the biggest...

Thailand

Overcoming Barriers in Data Sharing for Public Services in ASEAN - Takeaways from AIBP Insights, 27 Oct 2020

We had the honour of having Dr. Monsak, VP / Chief Data Officer of Digital Government Development Agency (DGA), to share about their recently launched official measures and guidelines for over...

Singapore & Vietnam

Singapore, Philippine central banks to work on data connectivity (The Straits Times)

Unlike data localisation - the practice of keeping data within a country's borders - data mobility in the financial sector supports economic growth and the development of innovative financial services,...

Malaysia

Restructured to meet digital economy challenges (The Star)

Recognising that digital transformation and adoption was crucial to capitalise on new opportunities, MDEC said in a statement that it was confident the new leadership structure would enable mass outreach...

Malaysia

RCEP to pave the way for economic recovery (The Star)

“Under the ACRF, Accelerating Inclusive Digital Transformation focuses on speeding up digital transformation in the region by leveraging on the momentum and imperative of digital transformation and seizing the enormous...

Vietnam

Digitalisation of Banks and Financial Institutions: Takeaways from AIBP Insights

In our final AIBP Insights Vietnam session, we had the opportunity to gather stakeholders leading digital initiatives within the banking and financial sector, along with technology solution providers with regional...

Southeast Asia

Singapore's Internet economy drops 24% in 2020; Vietnam, Indonesia see double-digit growth (The Business Times)

Digital economies in Vietnam and Indonesia managed double-digit growth despite headwinds from the Covid-19 pandemic, although Singapore's fell 24 per cent to US$9 billion. All across South-east Asia, consumers, as well...

Southeast Asia

How digital payments unlocks new growth corridors in SEA (Manila Standard)

A common trend across SEA is that mobile is fast becoming the preferred channel for e-commerce, especially amongst younger shoppers. And their use of mobile apps and e-wallets is driving...

Southeast Asia

SE Asia digital payments hit $620b during pandemic: Google-Temasek report (Deal Street Asia)

Digital payments in Southeast Asia hit $620 billion so far this year, from $600 billion last year, as the region registered 40 million first-time online users during the coronavirus pandemic...