Southeast Asia seeks more tech cooperation as U.S.-China rivalry grows
, the bloc aims to make significant strides toward becoming both a digital economy and a digital society by 2025, with technology at its core. One major component is the rise of the internet economy, where people use digital services to buy, sell, socialize and even manage their day-to-day lives.
There are three things to consider when thinking broadly about ASEAN's digital transformation, according to Abdul Mutalib Yusof, Brunei's minister of transport and info-communications, who was also on the same panel. Policymakers and regulators have to come up with mechanisms and approaches that strike a balance between technology's impact on the economy, on society, and on national security, Mutalib said.
"This is one of the ways in which we are trying to facilitate cross-border data flows that will, in turn, help to grow digital trade," Teo said.that would allow multiple stakeholders — such as logistics players, shippers and buyers — to share valuable information like real-time cargo locations.
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