Digital trade can accelerate economic recoveries by lowering transaction costs and accelerating time-to-market. For small and mid-sized enterprises in particular (SMEs), it can mean the difference between expanding into global markets or remaining a purely domestic business. South East Asian countries are in an excellent position to realise the benefits of embracing digital trade. TheyRead more
Chinese companies are accelerating their digital transformation and deploying cloud computing, big data and innovative technologies, in order to achieve sustainable growth and stay competitive, according to a new report released by global consultancy Accenture. The report said 16 percent of interviewed companies can be designated as “Digital Transformation Champions”, which have generated more thanRead more
The Asean Economic Ministers (AEMs) and their dialogue partners have renewed regional economic diplomacy, committing to intensify global efforts to ensure vibrant growth and resilient recovery against the Covid-19 pandemic. Senior Minister Datuk Seri Mohamed Azmin Ali, who is also Minister of International Trade and Industry (Miti), said the commitment was made at the AseanRead more
The Communications and Multimedia Ministry (KKMM) will carry out a transformation on the role of community Internet centres by making them to focus more on digital economy to help the people generate income. Its minister Tan Sri Annuar Musa said the ministry would work with telecommunication companies for the purpose, while the Malaysian Digital EconomyRead more
CAMBODIA has introduced new rules and procedures governing value-added tax (VAT) on goods and services provided via e-commerce for non-residents. Its Ministry of Economy and Finance issued the new rules earlier this month and they primarily target e-commerce transactions between Cambodian taxpaying consumers and non-resident sellers active in Cambodian territory but do not have permanentRead more
Malaysia’s top investment destination aims to build a robust digital ecosystem by 2025 that will empower businesses, nurture local talent and attract technology leaders from the world over. Selangor has been Malaysia’s top investment destination for three years running, having received RM18.4 billion (S$5.9 billion) in foreign and domestic investment in the manufacturing sector inRead more
As Asean continues to grapple with Covid-19 cases and an uncertain recovery, its economic ministers have committed to conducting a study on a region-wide digital economy pact by 2023. They also agreed to start negotiations on the Asean Digital Economy Framework Agreement by 2025. A focus on digital transformation to enable the smooth flow ofRead more
Amazon is offering to cover four-year college tuition for most of its approximately 750,000 hourly workers in the United States, the latest major employer to offer the perk to attract and retain hourly employees in a tight job market. Starting in January, Amazon for the first time will pay for tuition, fees and books forRead more
More than two decades ago, India began its transformation into a global IT powerhouse, ushering in an era of wealth and job creation never before seen in the country. Now, Asia’s third largest economy is ready for the next big frontier in tech: Coming up with a new generation of software companies like Zoom orRead more
Data and technology will be among the key elements in charting Malaysia’s economic recovery post-Covid-19 pandemic, said Finance Minister and National Recovery Plan (NRP) Coordinating Minister, Datuk Seri Tengku Zafrul Abdul Aziz. He said the government will harness the power of data to help the country become more agile and responsive, underscored by the spiritRead more
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