Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
Summary To propel the economic development of the Greater Bay Area, China’s State Development and Reform Commission signed the “Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area” in 2017. The involvement of Guangdong, Hong Kong, and Macau governments in this agreement marks the beginning of integrated development in […]
Read MoreSummary Despite the economic ravage of the pandemic, the second half of 2020 saw an increase in global household wealth by USD28.7 trillion, 7.4% higher than the preceding year. However, not all countries witnessed this unprecedented trend of growing household wealth. Generous income support programmes and low interest rates enabled higher valuations of household wealth […]
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Climate-related risks have received growing attention from policy makers in recent years (Dikau and Volz, 2021; Muller, 2021), and central banks and other stakeholders within the financial sector are believed to be better able to promote a sustainability agenda through the use of various initiatives. This article reviews the latest initiatives by Singapore’s financial sector […]
Read MoreSummary Data is regarded as the fourth factor of production in today’s digital economy and plays an integral role in digital trade. In contrast with overly strict or relaxed data flow policy, a balanced approach will maximize the output of the ICT sector. Digital Economic Agreement (DEA) stipulations concerning data flows are deemed to improve […]
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Indonesia’s third wave of the COVID-19 pandemic has taken the country by storm since early June 2021, proving to be one of the worst outbreaks that the world has seen. As the delta variant spreads across the densely populated areas of the country, the healthcare system faces immense pressure and is running low on oxygen […]
Read MoreSummary Digital economy has become increasingly prominent in China’s tertiary industry. Due to the pandemic, big data and internet have been put to full use in almost all sectors of the economy. The size of the digital economy in the service sector is found to be 40.7%, according to findings from the China Academy of […]
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As Bali reopens its borders after an 18-month hiatus, how will Bali regain its economic momentum? What are the drivers of future growth and economic resilience? ACI’s recent webinar titled “Bali’s Roadmap to Recovery: Post-Pandemic Economic Strategies”, hosted on Thursday, 21 Oct 2021 in collaboration with Universitas Pendidikan Ganesha, tackled this issue in depth. Speakers […]
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The COVID-19 pandemic has accelerated the rate of digitalization across many everyday activities, one of which is payment modes. As e-commerce levels rose and the need for contactless payment methods became more urgent, the increased adoption of digital payments has been welcomed. With rapid changes in technology in recent years, the traditional methods of financial […]
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Indonesia’s overarching goal to expand its basic digital infrastructure first emerged in the 1990s, through the idea of the Palapa Ring project. The project aimed to provide internet access to the entirety of the 34 provinces in the archipelagic nation and was completed recently in 2019. In 2014, the percentage of households in Indonesia with […]
Read MoreSummary The global travel disruption had cascading effects on tourism and the supporting sectors in Bali. This week’s chart portrays Bali’s vulnerability to the worldwide border closure amid COVID-19 and underlines potential areas for diversification. Bali’s economy contracted by 9.3% in 2020, one of the worst-hit provinces in Indonesia. The loss of tourism revenue scraped […]
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