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

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.

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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