Jakarta’s massive infrastructure development and growing digital sector kept the economic slump at bay during the covid-19 pandemic. A recent study by ACI tracks Jakarta’s emergence from the pandemic and its socioeconomic progress vis-à-vis the province’s medium-term development plan (RPJMD). It finds that the province’s digital sector showed resilience amidst the economic contraction induced by […]
As digitalization tightens its grip on the world economy, countries have sought to enhance and deepen their digital cooperation. Proliferating digital trade and the limited scope of digital commitments in the trade agreements paved the way for Digital Economy Agreements (DEA). DEAs are inter-governmental treaties that “establish digital trade rules and allow for digital economy […]
ACI hosted a webinar CBDC and the Digital Economy: Insights for Asian Emerging Markets on September 28th, 2022. Dr. Taojun Xie was the moderator, Prof. Yiping Huang and Dr. Ammu George were the presenters. On the panel were industry experts – Her Excellency Dr. Serey Chea, Dr. Taimur Baig, and Dr. Xuan Wang. Dr. Xie […]
An essential determinant of a region’s resilience to the pandemic is its socioeconomic composition. A recent study by ACI evaluates Indonesia’s Riau Islands’ emergence from the pandemic by tracking the province’s socioeconomic development vis-à-vis the provincial government’s Regional Medium-Term Development Plan (RPJMD). It finds that Riau Islands “emerged relatively unscathed due to its reliance on […]
A year into the COVID-19 pandemic, Indonesia’s economy shows signs of recovery in 2021: The country has seen a 3.2 percent annual GDP growth this year, compared to a contraction of 2.1 percent a year earlier. The 2021 growth is mainly driven by the Information and Communication Technology (ICT) and wholesale and retail trade sectors. […]
This annual study analyses the cost of living, wages and purchasing power for expatriates and ordinary residents across 104 major cities in the world. In this edition, ACI has found that New York, Los Angeles, Zurich, Hong Kong, and Geneva continued to be the top-5 cities in the ranking for expatriates’ living costs. Whereas, for […]
2021 has tested the ability of the AMS to weather a crisis. As the COVID-19 pandemic drags on, disruptions to the global economy continue to cast a shadow upon the development of ASEAN. Amidst this, the economies of ASEAN have made the digital economy a key component of their strategy to achieve a new phase […]
Gone are the days when climate change was talked about in future tense – it is happening now and happening fast. With more extreme weather events battering the region, Southeast Asia (SEA) must champion not only disaster anticipation and preparedness but also disaster mitigation equally well. As energy consumption in the region is projected to […]
2021 was a tough year for many Indian households, the national healthcare system, and the government due to the second wave of the COVID -19 outbreak. The ‘Delta’ variant outbreak dampened the country’s economic recovery. However, the impact of the second wave on economic growth was less adverse than the previous one. After contracting by […]
The second year into COVID-19 has witnessed the continued disruption of the global supply chain. Despite the challenges from international uncertainties, China has continued to support globalisation through statements and actions and further opened up its economies. In 2021, China’s total trade volume and realised foreign direct investment (FDI) reached RMB 39.1 trillion and RMB […]
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