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KUALA LUMPUR: Malaysia’s DuitNow and Singapore’s PayNow have now been connected with real-time payment systems linkage, owing to the collaborative efforts of Bank Negara and the Monetary Authority of Singapore (MAS), as well as the countries’ payment system operators and participating institutions. The DuitNow-PayNow linkage enables instant, secure and cost-effective P2P fund transfers and remittancesRead more

Indonesia has banned e-commerce transactions on social media platforms, in an attempt to protect small businesses from unbridled e-commerce competition. Indonesia has banned e-commerce transactions on social media platforms, in an attempt to protect small businesses from unbridled e-commerce competition. The Indonesian government said the move, is aimed at protecting offline merchants and marketplaces. TheyRead more

(With) enough GPUs & electricity, you have the ability to make unlimited amounts of talent Organisations failing to address AI anxiety could face up to 20% higher rates of turnover Research and advisory firm, Gartner, has released new predictions spotlighting the role of Artificial Intelligence (AI) and how it will change the workplace and society overRead more

Artificial intelligence (AI) has the potential to give a similar boost to workforce productivity growth as the information and communication technology (ICT) revolution in the late 1990s. But a range of factors will determine which countries can reap the most benefits. The extent of productivity gains will depend on the development of complementary innovations to harness the powerRead more

Cambodia signed an eWTP agreement with Alibaba on Wednesday to enhance collaboration in e-commerce, cloud computing, digital talent and travel International commerce has become one of the fastest growing business sectors of Alibaba, where it competes with ByteDance, Shein and Temu Hangzhou-based Alibaba Group Holding inked a deal with the Cambodian government on Wednesday toRead more

Datuk William Ng SAMENTA Central chairman.// 28 August 2021 SMALL and Medium Enterprises (SMEs) are surprised and disappointed with the introduction of the capital gain tax (CGT) without any consultation with SME stakeholders. Although the CGT will be able to increase our tax revenue, it must not be at the expense of entrepreneurship and theRead more

SINGAPORE/STOCKHOLM, Oct 11 (Reuters) – Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union’s push for globally harmonised rules that align with its own stringent framework. Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations’ (ASEAN) “guide to AI ethics andRead more

Human capacities to get things done have co-evolved with the technologies we have invented. The wheel made us more mobile. Evolutionary Intelligence (alongside computers) will make us smarter. Russ Neuman has studied the social impact of technology at the MIT Media Lab, taught at Harvard and Yale, and worked on technology policy at the WhiteRead more

ByteDance-owned TikTok hopes to more than quadruple the size of its worldwide e-commerce operations to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter. The increase compares to last year’s $4.4 billion in gross merchandise value, representing the worthRead more

Focusing on collaboration: Ni says TNGD will not be applying for a digital banking licence for now as it prefers to work with other banks in the country. PETALING JAYA: TNG Digital Sdn Bhd (TNGD) aims to be strategic with its growth plans after having made significant strides in the financial technology industry since itsRead more