Hello,

This is the May-2023 edition of The Pulse, brought to you by ASEAN Business Partners. Our endeavour is to capture the trends and developments in this vibrant region to help you identify business opportunities in Southeast Asia.

In this edition, we focus on Indonesia’s financial omnibus law, expansion of cloud storage in ASEAN, Malaysia’s initiatives to boost Islamic finance and SEA’s progress in meeting its renewable energy goals.

Here is a glimpse:

• Financial Omnibus: A New Era Of Reforms In Indonesia (4 minute read): Indonesia’s PPSK Law will help modernise its financial regulations. However, some concerns exist about regulatory independence.
• Switch to Cloud: ASEAN Takes The Lead (4 minute read): SEA is making swift moves towards data storage on the cloud. There is an increase in investments and setting up of new data centres.
• Malaysia’s Moves To Strengthen Islamic Finance (4 minute read): Shariah-compliant financial services are acquiring traction in Malaysia. Progressive regulations and innovative solutions will propel Islamic finance into the next phase of growth.
• Road to Renewables: SEA Needs a Fast Track Approach (4 minute read): While SEA has ambitious climate goals, renewable energy is the way to go. The region needs higher investments to meet its clean energy vision.