Thailand is set to kick off cross-border payments in the South East Asian region, in line with its e-payment roadmap for 2020. The roadmap aims to boost digital transactions across ASEAN (Association of Southeast Asian Nations) and enhance integration across the...
In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of the Grab for Good development roadmap in Vietnam which aims to create greater social and...
In the draft decree replacing Decree 101/2012 / ND-CP stipulating non-cash payment submitted to the Government in June 2020, the State Bank of Vietnam (SBV) is expected not to put the limit of 49% foreign ownership limit in payment intermediary businesses. The earlier...
The Indonesian government has submitted a bill to protect personal data to the parliament. It contains rules on data ownership, consumer rights and cross-border data transfer. According to media reports, this version of the law is most likely going to reference the...
In line with Malaysia’s current goal to implement 5G Infrastructure nationwide by 2023, various local telecommunication (telco) providers are undertaking 5G demonstration projects. According to the Malaysian Communications and Multimedia Commission (MCMC), 5G...
Filipino-owned ORCA Cold Chain Solutions has inaugurated the first-ever fully-automated cold storage facility in the Philippines located in Bagumbayan, Taguig City. Apart from officers of the company and the local government, top officials of the Board of Investments...
Indonesia is mulling setting fixed fees on some e-wallet transactions at 0.7%. This step could have a significant impact on the rapidly growing digital payments sector in Indonesia. Indonesia is a lucrative market for e-wallet firms with a flourishing...
The Malaysian Communications and Multimedia Commission (MCMC) has released its final report on the allocation of spectrum bands for mobile broadband service in Malaysia. The report identified 700 MHz, 3.5 GHz and 26/28 GHz (24.9 GHz to 28.1 GHz) bands for the initial...
The Central Bank of the Philippines (BSP) has granted a banking license to TONIK Digital Bank (TONIK), the local subsidiary of Singapore-based fintech start-up, TONIK Financial Pte Ltd. The license will enable TONIK to provide a full range of retail digital banking...
Applications for Singapore’s digital bank licenses closed on 31 December, 2019. The Monetary Authority of Singapore (MAS) announced in June 2019 that it will issue up to five new digital bank licenses, including: 1) up to two digital full bank licenses, which...
According to the Bangkok Post, the Digital Economy Promotion Agency (Depa) is aiming to train 1,000 government officials with big data skills at the Government Big Data Institute (GBDI), which was launched in June 2019. Of the targeted number, 500 officers will be...
Vietnam’s Prime Minister has approved the establishment of Danang Information Technology Park (DITP) as Danang’s second Centralized Information Technology (CIT) zone after Da Nang’s software park. DITP is being built on total land area of 341 hectares,...
