5 Highlights from the Southeast Asian ecommerce landscape Thailand Business News 16th Nov 2017
The region of Southeast Asia is a diverse and fragmented landscape having disparate infrastructure and fickle government regulations, making it hard for global brands to find a one-size-fits-all solution to conquer $238 billion in market potential.
ASEAN 4.0: What does the Fourth Industrial Revolution mean for regional economic integration? ADB and WEF Nov 2017
Over the past 50 years, ASEAN has notched up many notable achievements. But the era of the Fourth Industrial Revolution is changing the landscape in significant ways. It is increasingly apparent that the ASEAN organization should consider a new approach to regional policy and governance. The current model, loosely described as “the ASEAN Way”, has proven itself to be highly effective. The core principles of this approach to regional relations must remain. But, alongside the ASEAN Way, the region needs a new operating system.
Indonesia's top telecom acquires Malaysian satellite company Nikkei Asian Review 27th Nov 2017
Telekomunikasi Indonesia, the country's largest telecommunications company, announced on Friday it has agreed to acquire a maximum stake of 70% in Malaysian satellite company TS Global Network for 108.5 million ringgit ($26 million).
Indonesian Government plans for 1 million fishermen and farmers to go online by 2019 OpenGov 27th Nov 2017
As part of the National Strategy of Inclusion Finance, the Ministry of Communications and Informatics is encouraging all sectors of the economy, to grow and develop through the adoption of ICT.
Indonesia makes an aggressive leap into the world of e-commerce Financial Review 23rd Nov 2017
Indonesia is the jewel in the crown of a new great game that is unfolding in south-east Asia as global technology companies battle to control an internet economy projected to be worth $US200 billion ($265 billion) by 2025. Indonesia's rapidly evolving technology sector has been the focus of accelerating investment by Chinese internet giants over the last 18 months with an unfolding suite of acquisitions and investments by Alibaba, Tencent, JD.com and other Chinese peers quickly altering the landscape with significant long-term implications.As recently as 2011, the nascent Indonesian industry was in the throes of a debate about whether e-commerce would work in the country at all. An odd alliance of local businessmen and foreign financiers promulgated the view that Indonesia was different – its consumers would not trust online transactions, fraud would plague the industry, and poor infrastructure and logistics would make browser speeds and package delivery so intolerable such as to dissuade even the most forward-looking of customers. Government regulation burdened the industry with sticky regulation.History smiles favourably on those who disagreed. A 2016 Google-Temasek report estimated that the island nation would constitute 46 per cent of the entire region's e-commerce by value by 2025, growing from $US1.7 billion to $US46 billion in just 10 years.Chinese companies are at the forefront of this development, and their actions have garnered the support of the Indonesian government, which was previously reluctant to embrace foreign companies and investment.
Government to integrate state lenders’ EDC services The Jakarta Post 20th Nov 2017
The government plans to integrate the electronic data capture (EDC) services of three state-owned lenders – Bank Negara Indonesia (BNI), Bank Mandiri and Bank Rakyat Indonesia (BRI).
Indonesia warns Google, Twitter to block porn or be blocked The Straits Times 17th Nov 2017
Indonesia has threatened to bar the world's biggest social-media providers from operating in the country unless they comply with stringent demands to filter pornography and other content deemed obscene.
Indonesia One of Top Three Countries in the World With Largest Number of Digital Tourists Jakarta Globe 17th Nov 2017
Jakarta. Travelport, a UK-based travel trading platform, has released new data on digital tourist destination trends, with Indonesia in third place after India and China.
OJK to Set-up Fintech Center in Support of Digital Economy Tempo 17th Nov 2017
The Financial Services Authority's (OJK) board of commissioners' chairman Wimboh Santoso said the regulator and the government will create a fintech center to support the development of digital economy.
Telekomunikasi Indonesia buys logistics IT provider Nikkei Asian Review 17th Nov 2017
Indonesia's state-owned telecommunications carrier Telekomunikasi Indonesia, or Telkom, on Friday said it has agreed to buy local logistics information-technology provider Bosnet Distribution Indonesia for an undisclosed sum.
New regulation for OTT activities in Indonesia Vantage Asia 16th Nov 2017
Indonesia’s Minister of Communication and Informatics (MoCI) recently organized a discussion on a draft regulation concerning over the top (OTT) applications and content, in which HPRP had the honour of participating. As OTT services include most app platforms and content services platforms that use the internet in providing services, the regulation will impact most internet business players.
China, Asean agree to boost media exchanges, deepen strategic partnership Vientiane Times 22nd Nov 2017
Information ministers have exchanged views with the aim of strengthening the China-Asean strategic partnership for peace, prosperity and boosting media exchanges and cooperation. Discussions on media cooperation took place yesterday during the China-Asean member states information ministerial meeting in Suzhou, China. The meeting was attended by information ministers and representatives from China and Asean countries including Cambodia, Indonesia, Laos, Myanmar, the Philippines and Thailand, as well as representatives from Chinese government departments.
Lao Sat 1 Expected to Break even in 10 Years KPL: Lao News Agency 22nd Nov 2017
The Lao Sat 1 project worth US$ 258 million is expected to reach its breakeven point in 10 years of operation, according to Lao Asia-Pacific Satellite Director Ding Yongbing. “We base our estimation of the breakeven point of Lao Sat 1 on experiences gained by satellite industry in a number of countries around the world,” Mr Ding Yongbing, Director, Lao Asia Pacific Satellite told the media on Monday. Lao Sat 1 was sent into orbit in November 2015 since then five local companies and several foreign companies, including those from China and Hong Kong administrative region, have signed rental agreements for its signal services.
Amendments Proposed for Law on Intellectual Property KPL: Lao News Agency 22nd Nov 2017
Minister of Sciences and Technology Boviengkham Vongdara presented at the ongoing 4th Ordinary Session of the National Assembly’s 8th legislature amendments to the law on intellectual property on Nov 15. The current law on intellectual property was approved by lawmakers at the 2nd Ordinary Session of National Assembly’s 7th legislature in 2011 and endorsed by a presidential decree in the following year. Proposed amendments include the protection of the rights of plant breeders which are stated in Articles 69-91, and are to ensure the law complies with the convention of the International Seed Federation.
Too early to point fingers over mobile data breach: Jailani NST Online 27th Nov 2017
KUALA LUMPUR: Perpetrators behind the massive breach of data on Malaysian mobile phone service subscribers have not been identified as investigations are ongoing, Deputy Communications and Multimedia Minister Datuk Seri Jailani Johari said on Monday. ).
Minister: No comment on news report on source of massive data breach The Star Online 27th Nov 2017
KUALA LUMPUR: The Communications and Multimedia Minister declined to comment on a news report that the massive data breach of Malaysian mobile subscriptions could be traced to a phone blocking service initiated by the Malaysian Communications and Multimedia Commission (MCMC).
Digital currencies set to go mainstream The Star 25th Nov 2017
Bank Negara’s move to regulate the world of digital monies in the country from next year onwards is expected to instil some public confidence in the viability of these tokens, and hence encourage the growth of cryptocurrency adoption in the local market. The central bank is expected to unveil the official guidelines on cryptocurrency next month.
Comprehensive fibre-optic network needed to improve M'sia's internet speed New Straits Times 23rd Nov 2017
The Communications and Multimedia Ministry said a wide-ranging and comprehensive fibre optic networks, alongside telecommunication towers, are required to provide high-speed internet to the people.
Malaysia’s digital economy on track ComputerWeekly.com 17th Nov 2017
Malaysia’s digital economy is set to contribute 20% of the country’s GDP by 2020, up from 18.2% in 2016, according to the country’s deputy prime minister, Ahmad Zahid Hamidi. Speaking at a recent Huawei event in Kuala Lumpur, Zahid said embracing digital technologies is the key to Malaysia’s goal of becoming one of the world’s top 20 developed nations by 2050.
State govt to launch own Big Data in April BorneoPost Online 17th Nov 2017
KChief Minister Datuk Patinggi Abang Johari Tun Openg said the launch would be a step forward in the government’s commitment towards Big Data. He said in trying to create new opportunities in Digital Economy, he had been keen to push forward Big Data which he announced in the last State Legislative Assembly (DUN) sitting.
Improve safety and safekeeping of our digital data Malaysiakini 16th Nov 2017
Malaysia recently witnessed one of the largest data breaches ever seen - with 46.2 million mobile number subscribers' data compromised and leaked online. Worse, some victims have found that their MyKad was linked with phone numbers they haven't registered before.
Government plans to launch internet portal in January The Myanmar Times 16th Nov 2017
The Ministry of Transport and Communications hopes to launch the Myanmar National Portal, which will integrate all government e-services and websites in a bid to ease official transactions for the public, a ministry official told The Myanmar Times.
Business leaders want open field for telco philstar.com 28th Nov 2017
Business leaders have lauded President Duterte’s push to break the “duopoly” in the country’s telecommunications industry, but pointed out this should not be limited to Chinese companies.
PCC backs Duterte offer to China to end duopoly | BusinessMirror BusinessMirror 22nd Nov 2017
The country’s competition body is backing President Duterte’s offer to China to break the duopoly in the telecommunications (telco) industry and liberate Filipinos from the burden of paying relatively high fees for slow Internet service.Philippine Competition Commission (PCC) Chairman Arsenio M. Balisacan said the President did the correct thing in giving China the privilege to enter the Philippine telco industry.
Regulations are key to unlock optimal benefits of digital economy–PIDS BusinessMirror 18th Nov 2017
Digital economy is beneficial, but it must be regulated. According to Philippine Institute for Development Studies (PIDS) President Gilberto Llanto, the digital economy is “arguably changing the landscapes of job, product, and service markets.”
Due to heavy traffic, e-commerce in the Philippines is booming philstar.com 17th Nov 2017
Such has been the assertion of Inanc Balci, president, co-founder and community chief executive officer for e-commerce portal Lazada, which claims to be the number one marketplace and the seventh most accessed website in the Philippines.
DTI to launch mentorship for digital startups SunStar 16th Nov 2017
FROM offering mentorship programs to traditional micro, small and medium enterprises (MSMEs), the Department of Trade and Industry (DTI) Cebu expands mentorship to tech startups.
Singapore telcos brace for tougher price wars as MyRepublic enters in 2018 Singapore Business Review 27th Nov 2017
They may offer a bundle for mobile services with its existing fibre solutions at a competitive price. BMI Research said that Singapore's telcos should brace for a hotter price war after MyRepublic enters the market in mid-2018.
Singapore first Asian market to offer Razer Phone Channel NewsAsia 22nd Nov 2017
Gaming peripherals maker Razer announced on Tuesday (Nov 21) that it is bringing its first smartphone - Razer Phone - to Singapore, making it the first Asian market to offer the handset.
Self-driving buses, shuttles to be tested in 3 towns from 2022 Channel NewsAsia 22nd Nov 2017
Punggol, Tengah and the Jurong Innovation District will be the first areas in Singapore to have self-driving buses and shuttles plying their roads come 2022.
Payments Council endorses Singapore Quick Response Code specifications for electronic payments Digital News Asia 21st Nov 2017
The first of its kind globally, the SG QR includes protocols customized for Singapore; Will be adopted and deployed by payment services providers through 2018
US$2bil available for fintech startups through Singapore Investor Summit Digital News Asia 20th Nov 2017
Most of the investors came from Singapore (59%), followed by China (9%) Most of the startups came from Singapore (36%), followed by India (17%) and US (8%)
Fintech road to a Smart Nation The Jakarta Post 17th Nov 2017
The week-long second Singapore Fintech Festival has thrown up a flurry of initiatives aimed at taking the Republic's Smart Nation ambitions to the next level.
Singapore gets lion share as fintech funding surges in Asean The Business Times 17th Nov 2017
FUNDING for the financial technology sector in Asean is surging, fuelled by the potential of its young and under-banked population. Reflecting Asean's demographics, payments and mobile wallets are attracting the highest level of funding in Asean, registering a tenfold increase from US$8 million in 2012 to US$83 million in 2015, according to a State of FinTech in Asean report.
Singapore to launch first digital trade platform for SMEs using blockchain technology The Business Times 17th Nov 2017
SINGAPORE's first blockchain-based digital trade platform for small and medium enterprises (SMEs) will be ready, come the first quarter of 2018. Called the Fasttrack Trade (FTT), the platform is a partnership between Prudential Singapore and Starhub. It is being developed by fintech startup Cites Gestion with funding from Prudential.
Singapore financial regulator issues guidance on application of securities laws to digital token offerings OpenGov Asia 17th Nov 2017
Digital token offerins may be regulated if the digital tokens are capital markets products under existing laws. Even otherwise, they may be subject to other legislation for combating money laundering and terrorism financing.
International e-commerce tax unlikely to be applied soon Bangkok Post 27th Nov 2017
International e-commerce transactions are unlikely to be taxed anytime soon, at least not until agreements are reached with other countries, according to a Finance Ministry inspector-general. Lavaron Saengsanit, who supervises the ministry’s tax reform, said on Monday the ministry’s new e-business bill had already been completed and was being considered by the Council of State.
E-commerce tax aims to create level playing field Bangkok Post 27th Nov 2017
The Revenue Department is gearing up to amend a tax law to include e-commerce, aiming to create fair competition among foreigners and local e-business operators, as well as save billions of baht in forgone tax revenue.
SIM registration deadline moved to Dec 15 Bangkok Post 21st Nov 2017
The telecom regulator will extend for another 45 days, until Dec 15, the deadline for mobile operators' franchise dealers and retail shops to use the new SIM registration with a biometric verification system.
Task force for digital ID recommended Bangkok Post 20th Nov 2017
The private sector is studying setting up an entity tasked with handling a national single-point digital identity platform to set the stage for integrating identity verification, pushing the country towards a digital economy. The study, including the entity's model and framework, is expected to be finalised in the next few months and is likely to be established as a social enterprise, said Yos Kimsawate, the Thai Bankers' Association (TBA)'s head of the payment systems office. Business-related associations and private companies would contribute funding to the social enterprise, but its registered capital has not been finalised yet, he said.
Small firms 'must adapt to new era' Bangkok Post 19th Nov 2017
Thai small and medium-sized enterprises (SMEs) are being urged to brace themselves for disruptive technology and integrate technology in their business models to keep them ahead of the curve after latest findings suggest they are losing competitiveness. According to Bank of Thailand governor Veerathai Santiprabhob, disruptive technology is presenting a strong challenge to SMEs. Compared with big businesses, the SME sector, which has limited resources, is slower to adapt to changes and the gap in competitiveness continues to widen. Increasing non-performing loans (NPLs) in SMEs engaged in construction, wholesale and retail businesses are climbing, reflecting that they are losing competitiveness, he said.
Retailers embrace e-commerce as customers shop more online The Nation 19th Nov 2017
Helping pave the way to business success in e-commerce is the Electronic Transactions Development Agency (Public Organisation), or ETDA. Its executive director, Surangkana Wayuparb, said that the value of e-commerce in Thailand is projected to increase by not less than 10 per cent per annum over the next five years. Her agency is working to maintain that momentum.
More smart cities planned in 2018 Bangkok Post 18th Nov 2017
The government plans to raise the number of pilot smart cities from the current three to seven next year, using 300 million baht from the fiscal 2017 budget. The ultimate goal is to have 100 such cities within two decades to improve the quality of urban life, Deputy Prime Minister Prajin Jungtong said in a speech to Secutech Thailand 2017, which ends today at Bitec.
Telecoms, Mobile, Broadband and Digital Media - Statistics and Analyses CISION 17th Nov 2017
While the country has gained considerably from a liberalised telecoms sector, there still remains much work to be done on regulatory reform. Of particular concern was the respective roles into the future of the two state-owned enterprises – TOT and CAT; it was not clear how the government was going to handle the reforms needed in this regard.
China's JD.com invited to attend Thailand's e-commerce week China Daily 17th Nov 2017
BANGKOK - Thailand's digital economy body is inviting China's e-commerce giant JD.com, also known as Jingdong, to the country's incoming e-commerce week, said an official on Tuesday.
ICT ranked 78th in global index, 10th within region Bangkok Post 16th Nov 2017
Thailand's ICT Development Index (IDI) ranking this year edged up a notch to 78th from 79th last year out of 176 countries. The gain was attributed to continuous growth of mobile broadband access and usage and the nationwide roll-out of the fourth-generation (4G) network. The International Telecommunication Union's (ITU) "Measuring the Information Society Report" (MISR) 2017 put Thailand as 10th in Asia-Pacific among 34 countries, the same as last year.
Digital Telecommuncations Infarstructure Fund (DIF) Is Yet to See Trading Action on Nov 16 Wolcott Daily 16th Nov 2017
Shares of Digital Telecommuncations Infrastructure Fund (BKK:DIF) closed at 14.3 yesterday. Digital Telecommuncations Infrastructure Fund currently has a total float of 5.81 billion shares and on average sees 5.82M shares exchange hands each day. The stock now has a 52-week low of 13.8 and high of 14.8.
Free internet access for poor Bangkok Post 16th Nov 2017
The Finance Ministry plans to give internet SIM cards to the government's welfare recipients to allow them to access free internet, provided by TOT. The SIM cards will only allow users access to free internet, and are blocked from making phone calls, said Finance Minister Apisak Tantivorawong. The government will cover the cost.
VN’s first station for electric vehicles opens in Da Nang Vietnam Investment Review 27th Nov 2017
Financed by the Central Power Corporation (CPC), the system was manufactured in Japan, allowing battery charging to maximum capacity in just half an hour. CPC, under the Viet Nam Electricity Group said the system was built to enhance ‘green’ vehicle use in the city. Each charger system will cost VND700 million (US$31,000).
VN needs tech updates to remain competitive: experts Vietnamnews 27th Nov 2017
Innovative manufacturing is key to increasing productivity and sustainability as Viet Nam confronts the fourth industrial revolution (Industry 4.0) challenges, experts say. They said at a roundtable discussion and workshop last Friday that keeping up with the latest trends and technologies was imperative for the economy to remain relevant and competitive. Organised by Việt Nam’s Ministry of Industry and Trade, the Embassy of Sweden and Business Sweden –the Swedish Trade and Investment Council, the event aimed to strengthen collaboration between the two countries by sharing experiences and practices on technological innovations.
Remote sensing technology mitigates risks in agricultural production Vietnam Investment Review 22nd Nov 2017
The data provided to farmers, businesses, insurance companies, policy makers and specialists remain limited, leading to high risks in production. Remote sensing technology would help reduce the risks. According to the National Institute of Agricultural Planning and Projection (NIAPP), remote sensing technology can replace the usual tools in monitoring agricultural production and give more reliable results. In the past, Vietnam used statistical systems, which were time-consuming and led to big errors. Remote sensing technology surveys larger areas, and gives results after shorter time and with higher accuracy. And the cost of using remote sensing technology is lower than traditional methods.
Vietnamese fintech market looking at bright prospects Vietnam Investment Review 22nd Nov 2017
There are 40 fintech companies operating in Vietnam at the moment, providing diversified financial services, such as payments, transfer, capital mobilisation, and financial management, to meet the high demand of users.
Cybersecurity regulations to cause massive hit to IT firms Vietnam Investment Review 22nd Nov 2017
Under Clause 4, foreign enterprises that provide telecommunications and/or internet services in Vietnam are required to “obtain licences for their operations and locate their representative offices and servers with Vietnamese user data stored on them in the territory of the Socialist Republic of Vietnam,” and any violation will be stringently punished under legislation.”
Ho Chi Minh City inks deal with military-run Viettel to build ‘smart city’ Tuoi Tre News 19th Nov 2017
Ho Chi Minh City has joined hands with military-run mobile network operator Viettel to turn the southern metropolis into a ‘smart city.’ The municipal People’s Committee on Friday evening signed a cooperative agreement with the telecoms group regarding the establishment of a smart city in 2017-20, with a vision toward 2025. Viettel executives underlined several obstacles the southern hub has been facing in its development, including traffic congestion, environmental pollution, and limited infrastructural development resources. The military-run firm asserted the necessity of creating a centralized monitoring center to resolve the issues.
State has to manage Internet growth: Deputy PM Viet Nam News 18th Nov 2017
The Government is intent on creating conditions for the Internet to flourish in the country, but it has to happen under State management, adhere to the law, international agreements and global trends, Deputy PM Vũ Đức Đam told the parliament yesterday.
Việt Nam can exploit Industry 4.0: Deputy PM Viet Nam News 18th Nov 2017
Việt Nam’s telecom infrastructure gives it a good foundation for developing business models based on digital connections, vital for success in the fourth industrial revolution, Deputy Prime Minister Vương Đình Huệ said yesterday. As such, the nation will focus on building a world of super-connectivity needed to tackle challenges posed by Industry 4.0, he told a forum held in Hà Nội.
Vietnam warns against threat of cryptocurrency mining malware CoinHive Tuoi Tre News 17th Nov 2017
Internet users in Vietnam are being warned of a malicious software program hiding on websites to ‘steal’ the computing resources on visitors’ devices to mine the cryptocurrency Monero for hackers. The Vietnam Computer Emergency Response Team (VNCERT) announced on Thursday that it has received numerous complaints over the past week of cybersecurity threats caused by the CoinHive malware program. Monero, like Bitcoin, is a digital currency where coins are ‘mined’ by using computing power to solve puzzles and problems in the cryptocurrency’s systems.