Digitising markets a 'plus-plus for Asean'

Ms Christine Lagarde with Mr Tharman Shanmugaratnam at the conference yesterday. He cited fintech as the latest wave in financial innovation which he said took many by surprise, but "we are now riding on this wave".
Ms Christine Lagarde with Mr Tharman Shanmugaratnam at the conference yesterday. He cited fintech as the latest wave in financial innovation which he said took many by surprise, but "we are now riding on this wave".PHOTO: REUTERS

Tharman shares vision of a single digital economy for region at Jakarta conference

Unlike a traditional economy, the digital economy favours start-ups and smaller players, which in turn lead the way in driving innovation, Singapore Deputy Prime Minister Tharman Shanmugaratnam said yesterday.

He was speaking at a panel discussion in Jakarta during which he shared the vision of a single digital economy for Asean.

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A version of this article appeared in the print edition of The Straits Times on February 28, 2018, with the headline 'Digitising markets a 'plus-plus for Asean''. Print Edition | Subscribe