Southeast Asia’s internet economy is slated to be worth more than US$240 billion by 2025 according to a joint study by Google and Singapore’s Temasek Holdings covering the six most advanced internet economies in the region – Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. Previous projections foresaw a US$200 billion internet economy for the region by 2025.
When the progress towards achieving the goals of the 2030 Agenda for Sustainable Development as of 2017 was assessed earlier this year, the situation had worsened most significantly for the Southeast Asia sub-region when it came to containing the loss of land area covered by natural forest.
For more than two years, a small and stealthy group of engineers within Google has been working on software that they hope will eventually replace Android, the world’s dominant mobile operating system. As the team grows, it will have to overcome some fierce internal debate about how the software will work.The project, known as Fuchsia, was created from scratch to overcome the limitations of Android as more personal devices and other gadgets come online.
Google was fined 4.3 billion euros (US$5 billion) by the European Union (EU) and ordered to change the way it puts search and web browser apps on Android mobile devices, setting a global record for antitrust penalties.The penalty - the same amount the Netherlands contributes to the EU budget every year - is far higher than any other dished out by the United States (US), Chinese or other antitrust authorities.
Vietnam’s new cybersecurity law could force Alphabet Inc.’s Google and Facebook Inc. to choose between access to one of Asia’s fastest-growing digital economies and protecting their users’ privacy.The law, which goes into effect 1 January, 2019 after the National Assembly passed it this month, requires foreign internet companies to store data within the country and open local offices.
Google’s latest move of investing in Chinese e-commerce giant JD.com reveals that the company is stepping up its game to make inroads in Asia. On Monday, tech conglomerate Google announced a strategic partnership with JD.com, China’s second-largest e-commerce company. Also known as Jingdong, JD.com generated over US$55 billion in revenue last year and currently boasts over 300 million active users. The company is currently the biggest competitor to Jack Ma’s Alibaba.
Indonesia’s Fisheries Minister Susi Pudjiastuti deals with some dangerous men in her role, but they don’t rattle her. She has an equally intimidating weapon on her side: Google.Partnering with the search engine firm, Pudjiastuti is catching illegal fishing activity in real time, after thousands of vessels’ locations were revealed online.
The Singapore Exchange (SGX) entered into the final phase of consultation to allow dual-class share (DCS) structure listings on 28 March. It subsequently launched a public consultation for proposed safeguards to address the risks of expropriation and entrenchment. A DCS structure refers to the issuance of different classes of shares, one class of which carries heavier voting rights than the other.
The era of traditional microprocessor powered computing that has shaped our lives in many different ways is coming to an end. The future lies in quantum computing technology.Researchers at New York based multinational technology firm IBM, believe that quantum computers will be a mainstream presence in our lives in five years. According to American financial services provider, Morgan Stanley, the quantum computing market is slated to be worth US$10 billion in the next decade.
In a speech at the World Economic Forum in Davos earlier this year, billionaire business magnate, George Soros heavily criticised platform giants – Google and Facebook – who considered themselves “masters of the universe.” They had, in his words, become “monolithic powers” who may one day have near totalitarian control and Soros called for their global dominance and monopoly to be stemmed.“Davos is a good place to announce that their days are numbered,” he concluded dramatically.Regardless of
A key component of the digital revolution that has swept the region is the introduction of cloud computing. Cloud computing is the practice of using a network of remote servers hosted on the internet to store, manage and process data instead of using a local server. Cloud computing has become popular among smaller, growing businesses because usually, using a cloud service is cheaper than installing a local server. The boom of cloud computing in the world is parallel to the demand for data.
The e-commerce market in Southeast Asia is expected to be worth US$200 billion by 2025, according to a 2017 report jointly produced by Google and Temasek Holdings. Meanwhile mobile commerce is expected to ride on e-commerce growth as smartphone users account for more than 90% of Southeast Asian internet users, according to the same report.
