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.
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
China’s digital transformation is touted by many economists and trade experts as the single largest contributor to the country’s gross domestic product (GDP) growth between now and 2025. That explains why most companies in China are transitioning from traditional ways of doing business to more efficient digitised business models. This transition is precipitating many changes, most notable of them all being the adoption of a customer-centric management style.
The 2018 Revision of World Urbanization Prospects produced by the Population Division of the United Nations (UN) Department of Economic and Social Affairs (DESA) states that 55 percent of the world’s population lives in urban areas, a proportion that is expected to increase to 68 percent by 2050.A populous city could mean an increase in vehicles on its roads.
A smart city is an urban area that uses technologies such as the Internet of Things (IoT) and big data to efficiently manage its assets, ultimately enhancing its residents’ quality of life.Reduced congestion, pollution control and better energy efficiency are just some of the many advantages of living in a smart city – and ASEAN has 26 of them now under its ASEAN Smart Cities Network (ASCN) pilot cities initiative.But as appealing as better air quality and less traffic jams may be to the regi
The Monetary Authority of Singapore’s (MAS) announcement late last month that it will issue five digital bank licences to non-bank players is set 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 sm
The Malaysia Healthcare Travel Council (MHTC) is targeting several new ASEAN markets and the Middle East as it continues to establish Malaysia as a leading global destination for healthcare.An agency under Malaysia’s Ministry of Finance, the MHTC is tasked with promoting Malaysia as a medical tourism destination under the ‘Malaysia Healthcare’ brand and has seen healthy growth in both the number of tourists visiting Malaysia to attend to their healthcare needs and the revenue generated by the
Although widespread in industries from aerospace to waste management, Artificial Intelligence (AI), machine learning and big data are cutting-edge technologies not usually associated with the legal profession.Long considered a conservative profession, the legal trade is undergoing a shift thanks to Fourth Industrial Revolution technologies with AI an increasingly important tool in a law firm’s kit.With the Chief Justices of Malaysia and Singapore talking about increased AI use in their respec
Microfinance is a service where financial institutions back small start-ups and would-be entrepreneurs with small loans, often times referred to as microloans. Such initiatives are most popular in the poorest parts of the world. By distributing small loans and accepting small savings amounts, microfinancing empowers those below the poverty line to improve their livelihoods.
Technology today is widely associated with the digital realm - computers, the internet, mobile device, and smartphones, - just to name a few, which has seen the mushrooming of a myriad of tech startups. However, technological innovation may not translate to definite technological progress. For example, Uber-fication has seen similar applications based on the ride-sharing giant’s model in various other industries like hospitality, healthcare and personal services.
This week saw Mark Zuckerberg face a two-day congressional-hearing convened by the Senate Judiciary and Commerce Committees. The hearing was given the title “Facebook, Social Media Privacy, and the Use and Abuse of Data”.Mark Zuckerberg’s hearing came about after it was revealed that Cambridge Analytica, a U.K. based data analytics and political consulting firm that worked on Donald Trump’s 2016 presidential campaign had obtained data of millions of Facebook users.
Members of the Association of Southeast Asian Nations (ASEAN) form the sixth largest economy in the world valued at US$2.5 trillion with a population of almost 630 million – 40 percent of whom are below the age of 30. Studies have shown that those within this age bracket represent a key demography of the growing landscape of Southeast Asia’s digital economy.