The digital economy challenge for Asean

Substantial productivity gains in store if the region can embrace it successfully, says MAS

Automated Guided Vehicles, dressed in nurse costumes, at Mongkutwattana General Hospital in Bangkok. The Thai hospital uses three such robots as document couriers to save hiring costs and tackle a shortage of staff. MAS noted that digital transformat
Automated Guided Vehicles, dressed in nurse costumes, at Mongkutwattana General Hospital in Bangkok. The Thai hospital uses three such robots as document couriers to save hiring costs and tackle a shortage of staff. MAS noted that digital transformation can bring many benefits to the Asean economies. PHOTO: EPA-EFE
Updated
May 07, 2018, 05:00 AM
Published
May 07, 2018, 05:00 AM
New: Gift this subscriber-only story to your friends and family

There are many challenges remaining before the Asean economies are able to embrace the digital economy, a report put out by the Monetary Authority of Singapore (MAS) noted.

However if the region can do so successfully, it can reap substantial productivity gains.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

ST One Digital

 $9.90/month

No contract

ST app access on 1 mobile device

Subscribe now

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on May 07, 2018, with the headline The digital economy challenge for Asean. Subscribe

Available for
iPhones and iPads
Available in
Google Play

MCI (P) 066/10/2023. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2024 SPH Media Limited. All rights reserved.

Back to the top