ZTE was recently invited by the International Telecommunication Union (ITU) to participate in the celebration event of the 55th World Telecommunication and Information Society Day (WTISD), an annual observance celebrated on May 17 to raise awareness about the importance of ICT in promoting social and economic development worldwide.
Industry News
Singapore’s Largest Tech Event Just Got Bigger
From June 6–9, Singapore, Southeast Asia's growing powerhouse of technology and innovation, is hosting Asia Tech x Singapore (ATxSG), Asia’s flagship tech event where technology intersects with society and the digital economy.
Indosat, Mastercard Collaborate to Expand Financial Inclusion in Indonesia
Indosat Ooredoo Hutchison and Mastercard have formed a strategic alliance to transform Indonesia's digital payment landscape. Through this agreement, both organizations hope to create innovative digital solutions and experiences that will empower consumers and businesses while also supporting financial inclusion and boosting the expansion of the country's digital economy.
Cyber Insurance Market Predicted to Reach U$33.4 Billion by 2027
In 2020 and 2021, the market for cyber insurance saw enormous growth, mostly as a result of sharply increased premiums. Insurers raised premiums as a result of the rise in the frequency and severity of cyberattacks as well as the widespread adoption of remote working following the epidemic. In light of this, a top data and analytics company, GlobalData, predicts that the worldwide cyber insurance market will increase from US$16.7 billion in direct written premiums (DWP) in 2022 to US$33.4 billion in 2027.
New Zealand Sees Smartphone Market Drop in Q1
The smartphone market in New Zealand experienced a 4.2% year-on-year decline in the first quarter of 2023, according to the International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker. With only 336,000 units shipping during this period, the market struggled to overcome customer concern generated by the forthcoming budget and general elections in 2023.
ST Telemedia Global Data Centres: Big Plans Ahead for the Philippines
ST Telemedia Global Data Centres Philippines, a joint venture between Globe, Ayala Corporation and Singapore-based ST Telemedia Global Data Centres (STT GDC), announced the development of the Philippines' largest and most interconnected carrier-neutral data center.
ITU Calls for US$100 Billion by 2026 for Global Digitalization
The International Telecommunication Union (ITU) has issued a worldwide appeal to increase the value of pledges for digitalizing the world from the current US$30 billion to US$100 billion by 2026.
Canada's Green Leadership: Minister Champagne Makes Impactful Visit to Seoul
Minister François-Philippe Champagne arrived in Seoul on May 16th with the aim of strengthening Canada's leadership in the green economy. Through fruitful discussions and significant partnerships, he highlighted Canada's commitment to sustainable innovation and economic growth, particularly in enhancing supply chains for electric vehicles (EVs), hydrogen and critical minerals, as well as exploring opportunities in the EV battery ecosystem.
Indonesia's Fixed Communications Market Set to Soar in Coming Years
The fixed communications services market in Indonesia is expected to generate US$1.7 billion in revenue by 2027, growing at a compound annual growth rate (CAGR) of 7.6% from US$1.2 billion in 2022.
Axiata Group Reorganizes Indonesian Subsidiaries
The Axiata Group of Malaysia has announced a reorganization plan. This would change the roles of its Indonesian subsidiaries in order to increase efficiency through better asset utilization.