As the world continues to globalise at a rapid pace, the demand for better and more efficient technology will skyrocket. One of the players feeding that growing demand has been India.According to government statistics, the information technology (IT) sector accounts for 45 percent of India’s services exports and 9.3 percent of its nearly US$2.3 trillion gross domestic product (GDP).

As ASEAN moves into the future, the regional bloc is faced with two trends – digitalisation and urbanisation. While urbanisation can be seen as a positive thing, there are also possible spill over effects if not mitigated properly.

It is easy to assume that access to the digital economy is ubiquitous, and that online shopping is the natural evolution of commerce.

The Fourth Industrial Revolution has seen many sweeping changes in the way we interact with one another. This interaction is not limited to human-to-human relationships but is extended to the way we deal with finances; with the idea of digitalising purchases and transactions now a reality. Mobile wallets are part of this reality, with users able to carry out purchases through cashless means, and as the term suggests, with the use of a smartphone.

Brunei Vision 2035 (Wawasan Brunei 2035) is a developmental framework that was first formulated in 2004 by the country’s monarch, Sultan Hassanal Bolkiah. This project aims to propel the country to greater heights on many fronts. When measured by the highest international standards, Brunei Vision 2035 looks to build a citizenry that is not only well-educated but highly-skilled.

Southeast Asia is home to more than 630 million people and is the world’s third largest region. As it is the fastest growing internet population in the world - with more than 3.8 million new users every month – the internet economy here is expected to reach US$200 billion with a total of US$1 trillion added to its GDP by 2025, according to A.T.

Go-Jek, Indonesia’s biggest ride-hailing service, agreed to acquire three local financial-technology companies, underscoring its ambition to become the dominant player in the country’s nascent digital-payments industry.The deals bring together Kartuku, Indonesia’s largest offline payments-processing company; Midtrans, the nation’s top online-payment gateway; and Mapan, a local community-based saving and lending network, Go-Jek said in a statement Friday.Collectively, Go-Jek and the three comp

Much ado about the 31st ASEAN SummitThe highlight for this week was the conclusion of the 31st Association of Southeast Asian Nations (ASEAN) Summit and Related Meetings which began last week.

Malaysia and Singapore have rightly embraced digitalisation as the way forward for their respective nations.At a recent event, Malaysian Deputy Prime Minister, Zahid Hamidi said that the country’s digital economy is projected to contribute almost 20 percent of the Gross Domestic Product (GDP), up 18 percent from 2016.