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Large power imbalances stalk the growing digital economy as major platforms reinforce their positions in the global data value chain.The data-driven digital economy is surging. Recent estimates show that global internet protocol (IP) traffic a proxy for data flows will more than triple between 2017 and 2022, according to UNCTAD’s Digital Economy Report 2021 releasedRead more

Some 48% of companies adopted digital tech platforms; 19% in 2020 About 85% of companies surveyed say need to reskill their employees Companies are accelerating the adoption of digital technologies and are accordingly focused on re-skilling and up-skilling their employees in digital technologies and applications, according to a new survey conducted by the Malaysia DigitalRead more

Malaysia based US fund, Indelible Ventures & EduSpaze in Singapore participate as well Funds to go into scaling operations in Malaysia & train an additional 8k IR4.0 mentors FutureLab, an online mentorship platform, and edtech social enterprise announced that it has secured US$478,000 (RM2 million) in Pre-Series A funding in a round led by SarawakRead more

Now that summer is over, most online businesses are preparing for the holiday season. Up to 73 percent of online retailers have started preparing already. However, most online business feel that they aren’t prepared for the season yet. Yearly, the holiday season is the busiest moment for online sellers, as orders soar while consumers stockRead more

MDEC welcomes government’s focus on digitalisation Will focus on reducing the digital divide, attracting high quality digital investments Malaysia Digital Economy Corporation (MDEC) welcomes the emphasis on digital and technology for the nation’s development in the Twelfth Malaysia Plan (12MP) announced by YAB Prime Minister Datuk Seri Ismail Sabri Yaakob. The five-year (2021–2025) plan themedRead more

The National Assembly’s Foreign Affairs Committee recently held a seminar that explored how the digital economy, including digital finance and banking, will be an effective tool to recover the global economy, including Vietnam’s. Participants at the event shared their views on Vietnam’s digital economy, as well as the advantages, difficulties, and solutions to boost theRead more

The 12th Malaysia Plan 2021-2025 (12MP) is expected to take the existing digital inclusivity agenda further to accelerate inclusive development in the country as Malaysia aims to be a regional leader in the digital economy by 2030. But more can be done to ensure digital advancement which parallels societal and technological developments, particularly in theRead more

China’s digital economy grew to 39.2 trillion yuan (about 6.07 trillion U.S. dollars) in 2020, accounting for 38.6 percent of the country’s total GDP and up 9.7 percent year-on-year, according to a report. The report on the development of the internet in China was released by the Chinese Academy of Cyberspace Studies at the WorldRead more

The Philippines is continuing to rely on e-commerce and the digital economy to manage its economic recovery in the aftermath of the Covid-19 pandemic. With brick-and-mortar businesses being hit by lockdown measures, the Philippines’ e-commerce sector has seen a surge in the midst of the pandemic. As a result, the Philippines acknowledges the significance ofRead more

The Philippines is continuing to bank on e-commerce and digital economy to speed up its economic recovery in the post COVID-19 pandemic period. With the brick and mortar businesses hit by the global pandemic and lockdown measures, Commercial Attache at the Philippine Trade and Investment Centre in Kuala Lumpur (PTIC), Katrina Banzon said e-commerce sectorRead more