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digital economy

Alibaba launches second data center in Indonesia as demand surges

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China's e-commerce giant Alibaba Group, through its cloud computing arm Alibaba Cloud, on January 9 launched its second data center in Indonesia to cope...
Philippine digital economy expected to grow to $10 billion by 2025

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The Philippine e-commerce industry is poised for exponential growth, with its share of the Southeast Asian market expected to be worth $10 billion by...
Indonesia’s Tokopedia raises $1.1 billion from Alibaba, Softbank

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Indonesia’s leading e-commerce portal Tokopedia said on December 12 it has raised $1.1 billion in funding from investors including Japanese tech holding SoftBank’s Vision...
Malaysia government sets 20% annual growth target for e-commerce sector

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The Malaysian government has set an annual growth rate target of 20 per cent for the e-commerce sector in the country, from 14.3 per...
Philippine fintech receives $215 million in country’s largest-ever startup funding

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One of the year’s largest fintech investments in Southeast Asia and the largest-ever in the Philippines has closed after Metro Manila-based Voyager Innovations announced...
Indonesia’s digital economy to become largest in ASEAN by 2025

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The annual “e-Conomy Southeast Asia” study conducted by Google and Singapore's state holding company Temasek found that Indonesia’s digital economy is poised to become the...
500 Startups to fund more Vietnamese tech startups

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Silicon Valley venture capital firm 500 Startups has raised $14.1 million for the new seed-stage fund of its Vietnamese unit, 40 per cent over...
Alibaba founder to launch e-commerce training center in Indonesia

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Jack Ma, founder and outgoing executive chairman of China's e-commerce giant Alibaba Group, said on October 13 that he plans to open an institute...
Google launches free public high-speed WiFi in Thailand

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Google’s Thailand unit on July 18 announced a number of initiatives in the country, among them free high-speed public Wi-Fi, in an effort to...
Thailand only ASEAN country that improved digital competitiveness

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Thailand is placed comparatively well on this year’s World Digital Competitiveness Ranking compiled by Lausanne, Switzerland-based International Institute for Management Development (IMD) which issues...
Three Vietnamese cities added to proposed ASEAN smart cities network

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Hanoi, Ho Chi Minh City and Da Nang in Vietnam will be part of the network of smart cities in the Association of Southeast...
Laos pushes e-commerce initiative, seeks to reduce Internet costs

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The Lao Ministry of Post and Telecommunications has named the development of e-commerce as one of its core strategic goals over the next ten...
Thailand dreams of 100 smart cities

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As a part of its Thailand 4.0 initiative - a plan to transform Thailand's economy into a digitally powered ecosystem - the country has...
Malaysia’s GDP growth this year seen at 5.2%, lower than 2017

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Malaysia is expected to maintain a robust economic momentum but will grow slower than last year, according to estimations by Moody's Investors Service issued...
Google invests in Indonesia’s ride-hailing platform Go-Jek

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Google is the next big-time investor in Indonesian ride-hailing firm Go-Jek, a move that is part of Google's ambition to grow Indonesia's digital economy...
Skills upgrade for 13 million Thai workers needed: Expert

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Around 13 million people, or more than a third of Thailand’s 38-million-strong labour force, need skill upgrades, economic expert Kiatanantha Lounkaew, lecturer at the...
Vietnam readies for “Industry 4.0” era

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Vietnam plans to digitise its economy and administration through its modern telecom and IT infrastructure in order "to succeed in the era of the...
Amazon to kick off Southeast Asian expansion in Singapore

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In what could become a battle of the e-commerce giants, Amazon is reportedly setting up shop in Singapore as early as this week to...