Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
Summary: 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 […]
Read More
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 More
Summary: Currently ASEAN MSMEs have a relatively low level of digital tools usage. There are several factors attributing to this, with the main reason being the digital divide between large and small firms. According to OECD, usage of advanced digital tools differs between sizes of firms even amongst advanced economies. This is only exacerbated in […]
Read More
Summary: When Indonesia was forced to impose lockdowns and other degrees of social restrictions due to the pandemic, the digital sphere presented opportunities to maintain some degree of normalcy. 37%1 of consumers in Indonesia’s digital economy were only recently motivated to come online, due to the pandemic. 93% of consumers new to digital economy intend to continue patronizing online services and goods beyond […]
Read More
Summary: The highest potential for growth and recovery stemming from the Regional Comprehensive Economic Partnership (RCEP) is linked to e-commerce and digital trade. Particularly for small and medium-sized enterprises (SMEs), the digital economy is a symbol for rapid and accessible opportunities to connect with suppliers, consumers, and partner firms. This week’s chart of the week […]
Read More
ACI PERSPECTIVES 