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MAS Pledges S$100 Million for Quantum and AI Development

MAS Pledges S$100 Million for Quantum and AI Development

by Teuvo Tuomi | Jul 21, 2024 | Singapore, AI, ASEAN, Digitalization, Innovation, Investment, News, Southeast Asia, Technology

The Monetary Authority of Singapore (MAS) has promised an additional S$100 million (74.3 million USD) to bolster the development of quantum and artificial intelligence technologies within the financial sector. This investment, allocated under the Financial Sector...
E-Commerce in Vietnam and Thailand Grows Fastest in SEA

E-Commerce in Vietnam and Thailand Grows Fastest in SEA

by Teuvo Tuomi | Jul 21, 2024 | ASEAN, Business, Digitalization, News, Southeast Asia, Technology, Thailand, Trade, Vietnam

Vietnam and Thailand are the fastest-growing e-commerce markets in Southeast Asia, according to a new report by OpenGov Asia. The report also highlights Vietnam’s ascent past the Philippines to become the third-largest e-commerce market in the region.Last year, the...
Indonesia Becoming Global Player in EV Ecosystem: Jokowi

Indonesia Becoming Global Player in EV Ecosystem: Jokowi

by Teuvo Tuomi | Jul 3, 2024 | Digitalization, Economy, Indonesia, Innovation, Investment, Korea, Manufacturing, News, Technology, Transportation

Indonesian President Joko Widodo (Jokowi) says that Indonesia is becoming a global player in the electric vehicle (EV) ecosystem after the inauguration of the South Korean battery and electric vehicle ecosystem in Indonesia at PT Hyundai LG Indonesia (HLI) Green Power...
Bali to Introduce Smart Buses in 2025

Bali to Introduce Smart Buses in 2025

by Teuvo Tuomi | Jun 27, 2024 | Digitalization, Economy, Indonesia, Infrastructure, Innovation, Investment, News, Tourism, Transportation

The Bali Transportation Service (Dishub Bali) is preparing to connect the electric bus rapid transit (eBRT) with an intelligent transport system (ITS) and make it operational next year. Dishub Bali head of IGW Samsi Gunarta says that the eBRT is expected to start...
Phuket Tops Thailand’s Smart City Ranking

Phuket Tops Thailand’s Smart City Ranking

by Teuvo Tuomi | Jun 22, 2024 | Thailand, Digitalization, Environment, Infrastructure, News, Reports

Phuket has been ranked the top province-based smart city in Thailand. At the same time, the Wang Chan Valley in Rayong province was named the leading city-based smart area in the country, according to the Thailand Smart City Competitiveness Index 2023. The index...
Norway Will Not Sanction Chinese EVs

Norway Will Not Sanction Chinese EVs

by Teuvo Tuomi | Jun 14, 2024 | China, Digitalization, Economy, EU, News, Norway, Technology, Trade

Norway will not follow the EU tariffs on Chinese electric cars. Norwegian Finance Minister Trygve Slagsvol Vedum says that tariffs would be neither relevant nor desirable for the Norwegian government. Norway has the highest density of electric vehicles worldwide and...
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