2018 was the year e-commerce established itself as one of the region’s fastest growing sectors.
Indonesia is one of the region’s best success stories. Despite having faced economic turmoil in the 1997 Asian Financial Crisis under the authoritarian Suharto regime, Indonesia is today one of the fastest growing economies in the world.
The digital economy stands to change the way we look at taxes. In Malaysia, the previous National Front-led government was mulling the decision to raise revenue by taxing the digital economy.
Collectively, the Association of Southeast Asian Nations (ASEAN) is ranked third in terms of population, sixth in gross domestic product (GDP) and fourth in trade value.
Singapore has set targets to reduce cash and cheque usage as it prepares to allow companies to use its digital payments service in a move towards a digital economy.
Wawasan Brunei 2035 is a developmental framework that was first formulated in 2004 by the country’s monarch, Sultan Hassanal Bolkiah. Also identified as Brunei Vision 2035, this project aims to propel the country to greater heights on many fronts.
Southeast Asia is catching the video streaming bug as video streaming services proliferate in the region. Gone are the days where people would go to video or DVD rental shops to get the latest movies.
Against the backdrop of the Fourth Industrial Revolution, Southeast Asia is slowly but surely turning into a battleground for international tech companies to flex their financial muscles and impart their data-driven dominance.
Although divided by arbitrary physical borders, the ASEAN region is digitally interconnected. In light of the Fourth Industrial Revolution, technological progress should not be deemed a success, rather it is very much a necessity.