ASEAN should build a new economic ecosystem by promoting the development of digital infrastructure that is accessible for both small businesses and individuals to reinforce its economic recovery efforts and promote sustainable and inclusive growth.
The Royal Thai Embassy in Malaysia said this will help ensure that the group can be part of the growing digital economy in the region, which is estimated to contribute more than US$240 billion in the next five years.
“On our part, Thailand is developing ‘ASEAN Digital Hub’, which will help enhance digital infrastructure in ASEAN, as well as ‘Digital Park Thailand’, as part of our Eastern Economic Corridor.
“The private sector will play an important role in the development of infrastructure and technology and innovation businesses through PPP (public-private partnership) investment,” the embassy said in an email interview with Bernama in conjunction with the first ASEAN Digital Ministers’ Meeting (ADGMIN1) to be chaired by Malaysia on Jan 21 and 22.
Malaysia’s Minister of Communications and Multimedia Datuk Saifuddin Abdullah will chair the ADGMIN1 via teleconferencing.
The embassy said that apart from building physical infrastructure, it is equally important to promote digital integration to inclusively enhance business opportunity in the region.
It said that in 2019, ASEAN has successfully completed the live operation of the ASEAN Single Window (ASW) for all ASEAN member states, which serves as an important milestone.
The ASW provides the secure information technology architecture and legal framework that will allow trade, transport, and commercial data to be exchanged electronically among government agencies and private sectors in the region.
To read the rest of the article, please use this link: https://www.theedgemarkets.com/article/aasean-needs-promote-digital-infrastructure-development-small-businesses-individuals
17 January 2021