Digital revolution to boost Asean GDP

Embracing the digital revolution will add $1 trillion to the Association of Southeast Asian Nation’s (ASEAN) gross domestic product by the end of 2025 and the digital economy alone could be worth $200 billion by then, a Malaysian economist said.

“There is no denial . . . A quarter of the Asean population are already shopping online. No doubt digital innovation will shape the next 50 years of Asean economic development,” said Tan Sri Dr. Munir Majid, who is also president of Malaysia’s Asean Business Advisory Council and the Asean Business Club.