By 2025, about 30 per cent of the global economy could be mediated by digital platform-based companies. In a push to regulate these companies, there is a divergence between Europe’s stricter controls and some Asian nations like Singapore favour a balanced approach to help nurture growth and innovation.
This regulatory divide highlighting the need for any future Southeast Asian countries’ regulation to be tailored to local economies, cognisant of any economic costs and ultimately help drive a competitive, dynamic digital service economy.
