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E-commerce was a driving force in the world economy long before the pandemic struck. Consumers even began avoiding retail stores in favour of mobile delivery apps. However, COVID-19 only expedited the shift to e-commerce that was already happening. In other words, we shouldn’t expect to see a curtailing of online shopping; it will likely onlyRead more

A digital economic plan at the state level will be coordinated through the National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) to ensure the implementation mechanism of initiatives is closer to the targeted recipients, in line with the Keluarga Malaysia concept. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed saidRead more

The MyDIGITAL initiative, which comes under the National Digital Economy Blueprint, is set to further grow Malaysia’s digital economy into a strategic economic engine of growth, said SAP Malaysia managing director Hong Kok Cheong in a statement. Hong commended the Malaysian government for this “breakthrough yet realistic digital vision which would enhance the economy whileRead more

Global IT company 3i Infotech has announced that they will be building an Edge-as-a-Service (EaaS) digital platform for the ASEAN region in Malaysia. The centralised virtual hub with offerings in areas such as digital trust and security is aimed to help clients leverage cloud at a great scale. The hub forms part of 3i Infotech’sRead more

President Xi Jinping has called for improved regulation and governance of China’s digital economy to guard against its “unhealthy” development as Beijing aims to boost the sector’s contribution to the country’s growth. In an essay in the ruling Communist Party’s publication Qiushi on Saturday, Xi called for focusing on key areas including integrated circuits, displays,Read more

E-commerce and food delivery services have grown by US$7 billion (RM29.28 billion) in gross merchandise value (GMV) in 2021, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said Covid-19 has changed the business landscape and led to rapid digitisation growth, with many entrepreneurs moving onto e-commerce platforms. “It is clearRead more

If banks fail to take advantage of the potential that innovative technology provides, financial ecosystems risk remaining fragmented, heterogeneous and gaps could form in the infrastructure for criminals to infiltrate. However, today, post-financial crisis and amid the Covid-19 pandemic, financial institutions are utilising a variety of applications to formulate a holistic strategy. Which digital accessibilityRead more

Singapore’s government has for decades curated the nation’s economic future through a group of state-owned champions, shifting direction as needed to stay relevant in the global economy. The triple shock of the pandemic, disruptive tech and climate change is pushing Singapore to rewrite one of the world’s most successful economic models. Over the past twoRead more

The year 2022 will see Malaysia back on track in setting a long-term national economic plan with the mobilisation of several important themes, according to Prime Minister Datuk Seri Ismail Sabri Yaakob. These include empowering the digital economy as demanded by the current reality, he said in his special New Year’s message on Friday (DecRead more

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement amongst 15 countries in the Asia Pacific and by far, the world’s largest free-trade bloc to have ever been formed. Kicked in on 1 January this year for 10 countries in the Asia Pacific, it was initiated in 2012 by the Association of SoutheastRead more