ASEAN Region Highly Vulnerable to Cybercrime Banks and financial institutions need to take strong measures to counter the growing incidence of cybercrime in the ASEAN region Last year, Dark Pink, a new advanced persistent threat (APT) group, successfully hacked the computer systems of military bodies, government ministries and agencies, and religious and non-profit organisations in… Continue reading ASEAN Region Highly Vulnerable to Cybercrime
Blockchain is back After a brief lull during the crypto winter, the resurgent digital technology is regaining solid momentum across Southeast Asia Vietnam’s financial capital Ho Chi Minh City is developing a blockchain infrastructure to aid its smart city transformation, which will be used to mitigate risks and streamline processes. While the Thai Revenue Department… Continue reading Blockchain is Back
A fillip for The Philippines If political will and geo-political strategy can transform the fate of a nation, then Philippines is a shining example. Building on the legacy of his predecessors, through sheer political determination and progressive reforms, President Ferdinand R Marcos Jr has led the Philippines from being a nation struggling in the aftermath… Continue reading A Fillip for The Philippines
Persons with En-abilities: A Paradigm Shift Technological changes over the last decade have led to a wave of transformation bringing equal rights, empowerment and inclusion to those with disabilities The world is witnessing a wave of transformation in all facets of socio-cultural-economic endeavours, leading to a significant shift towards equal rights, empowerment and rightful inclusion… Continue reading Persons with En-abilities: A Paradigm Shift
A Country in Consolidation Riding on robust economic growth, surging exports and big investments, Cambodia is scaling up to emerge as a nodal hub in the ASEAN region Cambodia means business. With an economy growing at a brisk ~5 per cent, a government committed to development, investments pouring into infrastructure projects and trade touching new… Continue reading A Country in Consolidation
Malaysian Banking Sector Enters Transformative Phase The Malaysian banking sector is ripe for disruption and consolidation with the entry of digital banks and increase in competition The entry of five new digital banks is expected to be a disruptor for the Malaysian banking sector, leading to both increased competition and possible consolidation. In April 2022,… Continue reading Malaysian Banking Sector Enters Transformative Phase
Cross-Border QR Payments: Growing Linkages ASEAN nations are establishing cross-border QR payment services as they offer a faster, cheaper, and more transparent mode of cross-border payments, which can boost tourism and trade and promote financial integration in the region In November 2022, the State Bank of Vietnam (SBV) and Bank of Thailand (BOT) officially launched… Continue reading Cross-Border QR Payments: Growing Linkages
VIETNAM: Leading the Charge in EVolution China’s loss is Vietnam’s gain even as the ASEAN member is emerging as a key player in EV battery manufacturing, and as a solid alternative in the global supply chain Emerging from the disruptive impact of COVID-19 that led to a drop in per capita disposable income and had… Continue reading VIETNAM: Leading the Charge in EVolution
Resilient 6 Geared Up For 2023 The ASEAN-6 nations are expected to forge ahead in the areas of technology, sustainability, and digital innovation this year. The world has entered a new year amidst tumultuous times. There is a growing fear of recession in the United States on one end, while on the other there are… Continue reading Resilient 6 Geared Up For 2023
Is ASEAN’S Trend of Data Localization the Best Answer to Data Protection Requirements? Data localization strategies should be undertaken on a risk dependent approach to safeguard the region’s economic interests. As concerns around data privacy increase, countries in Southeast Asia and beyond are increasingly turning to data localisation as a measure to protect personal data.… Continue reading Is ASEAN’S Trend of Data Localization the Best Answer to Data Protection Requirements?
