Jamie Lim

Malaysia launched its latest financial sector blueprint for 2022-2026 earlier this morning at MyFintechWeek 2022. Held virtually, the event themed “Advancing Digitalisation for Recovery, Sustainability, and Inclusion” was hosted by Malaysia’s central bank, Bank Negara Malaysia. Implications of the blueprint are wide as it would be affecting both the financial and non-financial sectors, especially enterprises and businesses doing business in or with the country.

Some may describe China’s e-commerce success as phenomenal, and they’d have good reason to. Barely two decades ago, China was but an emerging economy, where households would struggle to buy basics such as rice and work shoes — things those in developed nations take for granted. Despite political and trade friction between the growing global economic behemoth and the US from the 2000s onwards, in 2013, China’s e-commerce market of US$314 billion overtook the states’ US$255 billion.

Some may describe China’s e-commerce success as phenomenal, and they’d have good reason to. Barely two decades ago, China was but an emerging economy, where households would struggle to buy basics such as rice and work shoes — things those in developed nations take for granted. Despite political and trade friction between the growing global economic behemoth and the US from the 2000s onwards, in 2013, China’s e-commerce market of US$314 billion overtook the states’ US$255 billion.