Indonesia and Singapore pursuing cross-border QR code payments

Promoting the use of local currencies for bilateral transactions Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be…

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ASEAN’s priorities for a digital economy

Impetus alone will not be sufficient without a clear digital roadmap. The top three digital initiative priorities by governments in Asia Pacific were policies that promote the development of technology, regulation around responsible use of AI and the use of technology to create smart cities. This alludes to the notion…

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Malaysia-Indonesia collaboration in driving Asean’s digital economy

Since 2018, MDEC have ran seven business missions. Malaysia Digital Economy Corporation (MDEC), through its recent Business Mission to Indonesia, has garnered over RM100 million in qualified digital opportunities. This is MDEC’s first Business Mission to Indonesia since borders were reopened in March 2022. Held from 16 to 20 May…

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ASEAN Digital Ministers’ meet to discuss innovation in the region

Accelerating the region’s digital transformation and transforming. The 2nd ASEAN Digital Ministers’ Meeting (ADGMIN) underscored the pivotal role of digital technologies in the fight against and the recovery from the COVID-19 pandemic and agreed to further intensify cooperation to accelerate the region’s digital transformation efforts to support the ASEAN Comprehensive…

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ASEAN delegates agree to strengthen telco infrastructure and e-commerce

Additional obligations have been included in the RCEP agreement. The Regional Comprehensive Economic Partnership (RCEP) Agreement is an agreement to broaden and deepen ASEAN’s engagement with Australia, China, Japan, Korea, and New Zealand. Together, these RCEP participating countries account for about 30 per cent of the global GDP and 30…

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Cyber security a key enabler of a digital economy

ASEAN member states committ to practical steps to enhance cyber security in the region. Singapore has recognised that cybersecurity is a key enabler of a Digital Economy, as well as the importance of a rules-based multilateral order in cyberspace, especially amid accelerated digitalisation in the wake of COVID-19. During 2020,…

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HGC launches a PoP in Bangkok, extending ASEAN network penetration

Recently released PoP serves international carriers and service providers. HGC Global Communications has launched its third point-of-presence (PoP) in Bangkok, Thailand. This recent investment extends HGC’s meshed international network coverage in ASEAN regions. The HGC PoP was launched to meet the “growing demand” for connectivity and support rapidly growing traffic…

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Intel has announced a new security capability

The Intel Control-Flow Enforcement Technology. Intel control-flow enforcement technology (CET) was built with CPU-level security capabilities to help protect against common malware attack methods that have been a challenge to mitigate with software alone. Intel CET is designed to protect against the misuse of legitimate code through control-flow hijacking attacks…

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