While consumers across ASEAN are excited about 5G’s promise of faster home broadband speeds and mobile internet connections, it is the technology’s low network latency and power consumption that offers a variety of opportunities for businesses.About 20 times faster than 4G, everything from instant high-definition movie streaming to cloud gaming will be less than seconds away once 5G is commercially available across the region in the next few years.
E-commerce is big business in Southeast Asia. Digital consumers in ASEAN will be spending three times as much in 2025 according to a 2019 study from Facebook and Bain & Company. The report found that while consumers in Southeast Asia spent US$125 on average on online purchases in 2018, that sum is expected to more than triple to US$390 in 2025.Artificial Intelligence (AI) has been implemented in many major industries since the term was first coined in the 1950s.
Artificial Intelligence (AI) has been implemented in many major industries since the term was first coined in the 1950s. Specific applications of AI include expert systems, natural language processing (NLP), speech recognition and machine vision.
Just a few weeks after the first COVID-19 cases started appearing outside China, South Korea launched a system for broadcasting the exact profiles and movements of individuals who had tested positive for the disease.
The healthcare industry in Southeast Asia is at an important juncture in its history. Demand for healthcare in the region has never been greater, especially with the current COVID-19 pandemic. Another factor for the rise in demand is the ageing population of the region.
Passenger air travel is predicted to sustain positive growth rates up to 2030, despite the challenge of high jet fuel prices that airlines are facing plus stagnant economic growth.These tough economic conditions are forecast to be offset by the rise in passenger numbers, which in turn is expected to improve the financial performance of the airline industry.It is believed that the global aviation industry will reach up to US$29.3 billion in profits in 2020, up from only US$8.3 billion in 2011.
With social media already playing a major role in human trafficking, arms trading and drug smuggling, it is perhaps no surprise that the illegal wildlife trade is the latest cross-border crime to go online.Long known as a hub for wildlife trafficking, Southeast Asia’s unsavoury reputation has been enhanced by social media – with numerous cases of buyers and sellers conducting deals while hiding behind a cloak of anonymity.The region’s high mobile penetration rate offers buyers easy access to
In 2019, the Monetary Authority of Singapore’s (MAS) announced that it will issue five digital bank licences to non-bank players to add value, innovation and diversity to the region’s financial hub.The five new digital bank licences will comprise of up to two digital full bank licences, which allow licensees to provide a wide range of financial services and take deposits from retail customers, and up to three digital wholesale bank licences – which allow licensees to serve small and medium en
The retail industry has undergone multiple transformations during the past century, with those who adapt and innovate continuing to survive. It also helps if one is exceptionally unique. It seems that the world's consumers have gotten a little tired from having to explore multiple shopping locations to find what they want or need.
China and the United States (US) may have laid down their arms for now in a trade truce, but their technological rivalry is still raging, raising the spectre of a high tech cold war.The coming battle played out this week in the corridors of the World Economic Forum (WEF) in Davos, where Chinese executives rubbed shoulders with Silicon Valley supremos, and US diplomats lobbied hard to keep companies from embracing Made in China for their tech revolution.At the centre of this cold war 2.0 is Hu
Southeast Asia is proving to be one of the most successful and fastest growing digital markets in the world. While the likes of Grab and Lazada have established themselves in the region, many other start-ups are fast-developing unique and innovative forms of services to tap into the lucrative digital economy. Singapore is currently home to some of the most heavily funded start-ups in the region, including Grab and Sea.