Nur Sulyna Lim Abdullah, Chief Officer Corporate Strategic Sector, MCMC; Jasmine Begum, Director, Legal, Corporate & Government Affairs, Microsoft Malaysia & New Markets; Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council; Jeff Pirie, AEC Leader, Deloitte Southeast Asia and Claudia Chan, Regional Director, Government Affairs, Asia Pacific for Seagate, at US ASEAN Business Council report launch on 18 January, 2017 in Kuala Lumpur
Just yesterday, a new report titled The Digital Economy and the Free Flow of Data: Advancing the ASEAN Economic Community was presented by the US-ASEAN Business Council and Deloitte to the Malaysian government and business community, highlighting how ASEAN Member States can advance their digital economies and the ASEAN Economic Community through pro-growth digital data management policies.
“The digital economy plays a strategic role as a critical enabler for deepening ASEAN regional integration and as well as helping drive next generation domestic demand led growth for startups and SME's," said Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council. “We encourage Malaysia to lead in ASEAN by supporting policies on data management that allow member economies to benefit from greater efficiency, extended reach and lower costs.”
Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council with Jasmine Begum, Director, Legal, Corporate & Government Affairs, Microsoft Malaysia & New Markets, addressing the media at US ASEAN Business Council report launch on 18 January, 2017 in Kuala Lumpur
“Regional integration and the digital economy are both big opportunities in what is one of the world’s fastest growing regions. All manner of business, from the start-up to the regional champion as well as the multinational, will benefit if the AEC framework puts the digital economy front & center. Now is the time to do so,” Jeff Pirie, AEC Leader, Deloitte Southeast Asia, added.
Policies like these can support modern high-tech industries, such as Malaysia and throughout ASEAN in their development of e-commerce, help small and medium enterprises reach customers and optimize their businesses, enable financial inclusion, and encourage foreign investment. However, governments need to consider regulatory, legal and policy issues stemming from technology, platforms and providers.
To read more about the report, kindly visit Microsoft’s new channel page to find out.
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