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Digital Economy Agreements in Asia and Pacific

ADB: The Role and Future of Digital Economy Agreements in Asia & Pacific

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Geopolitics, emerging risks, supply chains…

Countering the Digital Silk Road - Indonesia

CNAS: Countering the Digital Silk Road – Indonesia

December 2024

  • Indonesia: Project Garuda Proof of Concept Report on the Wholesale Rupiah Digital Cash Ledger is available to download from Indonesia’s central bank / full item
  • Indonesia: State-owned PT PLN power company launches Connext Powered by PLN, seeking Asia-wide applications from startups working in sustainable energy / full item
  • Indonesia’s Mimin secures $1.5M with GenAI-driven chat services in e-commerce, marketing and customer support / full item
  • Australia’s Country Liberal Party in the NT and Indonesia ink first-of-its-kind MOU on critical minerals development between an Australian jurisdiction and Indonesia / full item
  • Dubai’s Damac Group unveils plan to invest $3BN to build data centers across Southeast Asia, seeing the region as a future hub for AI and cloud services / full item
  • ADB and Mastercard Impact Fund ink MOU to provide financing for women-led or -owned MSMEs in India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam / full item
Trends in Southeast Asia

ISEAS: Trends in Southeast Asia

November 2024

  • Indonesia’s GoTo Group, and China’s Tencent and Alibaba Cloud deepen partnership with Tencent committing $500M to a third data center, cloud services and talent development / full item

Southeast Asia’s data center growth: “The headline story will be the increasing importance of the SJB [Singapore-Johor-Batam] corridor…” / full item

October 2024

  • Indonesia: Government has effectively banned sale, and use, of iPhone 16 and Apple Watch 10 devices, citing Apple failure to meet in-country investment requirements / full item
  • Indonesia: Government orders Apple and Google to remove Temu e-commerce app from app stores, alongside plans for similar block on Shein, citing MSME protections / full item
  • Indonesia’s gov’t-owned Battery Corp and China’s CATL battery-tech giant enter $1.2BN battery production JV, adding to Indonesia’s recent Hyundai and LG deals / full item
  • Event: ‘Unlocking Cross-border Opportunities for Women Digital Entrepreneurs in South-East Asia’ is set to run in Jakarta, October 23rd – agenda & reg details below (pdf) / full item

“Indonesia and Vietnam are currently leading the manufacturing and trade flow shifts… In 2023, Indonesia received about $33BN in greenfield manufacturing FDI and Vietnam about $16BN…” / full item

  • Indonesia: Broom auto-focused firm has secured $25M with digitization of Indonesia’s auto dealerships and used cars sector / full item

“Central & Southern Asia and Oceania is the 3rd-largest crypto region… accounting for more than $750.0 billion in crypto asset inflows between July 2023 and June 2024…” / full item

  • Singapore’s Princeton Digital Group data centre firm acquires powered land for 500MW capacity expansion, adding new facilities in India, Malaysia and Indonesia / full item
Old age poverty in ASEAN

Old age poverty and active ageing in ASEAN: Trends

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