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Digital Asean adds 125,000 new internet users every day

With 125,000 new users coming onto the Internet every day, the ASEAN digital economy is projected to grow significantly

Boris Sullivan

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ASEAN is the fastest growing Internet market in the world. With 125,000 new users coming onto the Internet every day, the ASEAN digital economy is projected to grow significantly, adding an estimated $1 trillion to regional GDP over the next ten years.

However, many significant roadblocks stand in the way of realizing this potential.

For most ASEAN countries, the roadblocks include, among other things, inadequate digital infrastructure; restrictions on cross border flow of data; absence of harmonized rules and regulations on e-commerce including questions around data protection, blockages at customs, burdensome business licensing processes, and absence of digital payment solutions; shortage of digital human capital; absence of regional e-payment systems and regional digital identity frameworks; weak resilience against cyber-attacks; and lack of empirical evidence to inform ASEAN digital policy.

ASEAN has laid out important policy measures and frameworks, including the AEC Blueprint 2025, Masterplan on ASEAN Connectivity 2025, and the e-ASEAN Framework Agreement, to address these roadblocks. However, meeting these ambitious goals will demand detailed research, visionary policy-making, and substantial buy-in from regional stakeholders.

Digital ASEAN | Forum Économique Mondial

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Asean

Trade War Incentive Schemes flourishing in ASEAN

Countries such as Thailand, the Philippines, Malaysia, and Indonesia have unveiled an array of incentive packages to entice businesses affected by the US-China trade war.

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Governments across ASEAN have been unveiling an array of incentive packages to entice businesses affected by the US-China trade war.

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Employers should hire new workers based on their potential

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A Thailand representative office is essentially a branch of a foreign corporation

58 percent of employers have hired employees based on their potential, and 94 percent of them said their potential-based hires had become a valuable part of their teams. 

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Asean

ASEAN bucks record 155 billion USD FDI in 2018

The flow of foreign direct investment (FDI) into the 10 ASEAN countries has gone up for the third consecutive year, breaking a record 155 billion USD set in 2018.

Olivier Languepin

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Last year inflows to the ten-member Association of South East Asian Nations (ASEAN) were up 11.5%, from US$147 billion in 2017 to $155 billion in 2018, according to new UNCTAD research.

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