Southeast Asia's digital economy may be set to hit $1 trillion, but roadblocks remain

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Southeast Asia's digital economy may be set to hit $1 trillion, but roadblocks remain
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The digital economy of ASEAN holds big promise but challenges stand in the way of realizing its potential such as digital inequality

— to outline actions that guide governments' digital cooperation.

"At the end of the day, they need to at least have the same ideas or provisions for, say, cross border data transfer," said Chan. "Singapore has laws that ensure user privacy, safe transfer of financial information across borders, but Cambodia doesn't have it." "Pre-pandemic, the urban-rural digital divide in Indonesia was 24.8 percentage points. The gap slightly decreased to 22.5 percentage points in 2021 post-Covid," according to the Asia Competitiveness Institute at the Lee Kuan Yew School of Public Policy, which cited Indonesia's Statistical Bureau data.

"Southeast Asians don't lack of mobile phones," Chan said. "To them, the internet is the mobile phone. But the main problem is that it is dominated by social media."

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