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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