Mobile money services are growing faster than predicted around the globe as digital services continue to rise in popularity, according to the GSMA’s annual “State of the Industry Report on Mobile Money 2023.”
The constant rise in the number of multiplay households in China and the growth in average monthly multiplay household spending are expected to drive the increase in multiplay service revenue in the country at a compound annual growth rate (CAGR) of 1.9% through 2027. The revenue is forecasted to reach $1.9 billion by the end of the forecast period, according to GlobalData, a leading data and analytics company.
Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, and PT Astra International Tbk (Astra) established a joint venture to create Indonesia's digital infrastructure to accelerate digital transformation for multinationals and local businesses. Indonesia's digital transformation program aims to digitize 30 million MSMEs by 2024, spurring economic growth and meeting digital infrastructure needs.
BDx Indonesia recently performed a groundbreaking ceremony for its greenfield data center, CGK3A, in TB Simatupang, South Jakarta. BDx Indonesia is a significant wholesale data center and cloud-focused company in the Indonesian market.
SoftwareOne Hong Kong Limited has joined Console Connect's PartnerConnect program, an industry-leading worldwide Network-as-a-Service (NaaS) platform. This will allow SoftwareOne customers in the Asia Pacific region to have better access to cloud services globally.
According to the Philippine government, only 36.79% of SIM cards had been registered before the strict April deadline, after which unregistered SIMs are to be deactivated.
The Digital Economy Summit (DES) 2023, Asia's premier innovation and technology event, kicked off on April 13– 14 at the Hong Kong Convention and Exhibition Centre (HKCEC). The two-day summit, which is jointly organized by the HKSAR Government and Cyberport, brings together influential leaders from business, academia, government and technology to discuss the role that technological advancements play in accelerating the creation of resilient and future-proof digital societies.
Weak demand, excess inventory and a worsening macroeconomic climate were all contributing factors in the precipitous drop in shipments of traditional PCs during the first quarter of 2023 (1Q23). Global shipments numbered 56.9 million, marking a contraction of 29.0% compared to the same quarter in 2022, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Malaysia has plans to introduce a second 5G network in 2024, according to Reuters. Prime Minister Anwar Ibrahim proposes this plan in a bid to deter monopolies and encourage competition across the country’s telecommunications landscape.
State-owned telecom firms in China are developing a $500 million undersea fiber-optic internet cable network to compete with a similar US-backed project, according to four people involved in the deal. The proposed EMA (Europe-Middle East-Asia) cable would connect Hong Kong to China's island province of Hainan and connect to Singapore, Pakistan, Saudi Arabia, Egypt and France.
