Powering a global-Asia digital hub The Deputy Prime Minister and Minister for Finance, Lawrence Wong, recently launched the refreshed Infocomm and Media (I&C) Industry Transformation Map (ITM) in Singapore. The ITM aims to develop a strong and resilient I&C sector to drive the growth of the Digital Economy and reinforce…
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Bridging the digital economic divide The Digital Cooperation Organization (DCO) today launched the Bridging the Gap Report at the World Economic Forum in Davos, highlighting the critical need for greater international, multilateral cooperation to close the digital divide and ensure all nations can benefit from digital economies. The report draws on an extensive…
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The new coalition aims to realise the full potential of the region’s digital economy The Digital Prosperity for Asia Coalition (DPA) launched on 22 September 2022. The coalition is the first pan-Asia Pacific (APAC) focused alliance, built by home grown APAC companies for the prosperity of APAC economies. The founding members of…
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China matters highlighted. The year was 2014 when China’s banking sector shook hands on a private banking license deal with the country’s Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But little did we know about a digital currency…
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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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Newly created role to chart new digital business strategies and development initiatives. The Malaysia Digital Economy Corporation (MDEC) has brought on board Aiza Azreen Ahmad in the newly-created role as Chief Digital Business Officer (CDBO). MDEC is a government agency under the purview of the Ministry of Communications and Multimedia…
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An enabler to enhance Singapore’s competitiveness. The Singapore Government has passed the Electronic Transactions (Amendment) Bill in Parliament, to amend the Electronic Transactions Act (ETA), and make consequential and related amendments to the Bills of Lading Act and the Contracts (Rights of Third Parties) Act. To facilitate electronic transactions for…
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First review of the PDPA since enactment in 2012. Proposed amendments to the Personal Data Protection Act (PDPA) to address Singapore’s evolving digital economy needs, and related amendments to the Spam Control Act (SCA), were passed in Parliament in the first week of November 2020. This is the first comprehensive…
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Cyber issues and digital economy discussions hold prominence during the 32nd ASEAN Australia forum. During the 32nd ASEAN-Australia forum, the region agreed on having stronger ongoing cooperation on cyber issues, building on the success of the inaugural ASEAN-Australia Cyber Policy Dialogue in 2018. Representatives of ASEAN Member States (AMS) and…
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