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The world’s first integrated cyber defence, cyber security, and emerging technology event, CYDES 2023, took place at the Malaysia International Trade and Exhibition Centre (MITEC) in Kuala Lumpur, Malaysia, highlighting the importance of addressing cyber-threat challenges and fostering collaboration within the ASEAN region.
Cybersecurity leaders across Asia concur that collaboration and breaking down silos among organisations and sectors are essential for success in tackling the complex and ever-evolving challenges of cybersecurity, ensuring the preservation of digital infrastructure.

David Koh, Commissioner of Cybersecurity and Chief Executive of the Cyber Security Agency (CSA) of Singapore, emphasised the importance of collaboration among different agencies to effectively address cybersecurity challenges, “Cyber is a team sport. We can’t do this by ourselves.”
For example, the Cyber Security Agency of Singapore works closely with the Ministry of Home Affairs, the Ministry of Defence, and the Ministry of Communications and Information to share critical information and coordinate responses to cyber threats.
However, to effectively combat cyber threats, government agencies require the cooperation and active involvement of businesses, academia, and civil society as valuable partners in the collective effort to strengthen cybersecurity measures.
According to David, in the rapidly evolving cyberspace landscape, private companies possess valuable intelligence, operational capabilities, and technical know-how that complement government efforts, making partnering with the private sector essential for robust cybersecurity measures.
This collaborative approach fosters a comprehensive and unified response, leveraging diverse expertise and resources to safeguard digital infrastructures and protect against evolving cyber threats.
“Governments must therefore collaborate with the private sector to enhance their cybersecurity posture,” David believes. “Public-Private Partnerships (PPPs) play a crucial role in fostering information sharing, promoting collaborative research and development, and driving innovation in cybersecurity, enabling governments and private companies to jointly address the ever-growing challenges of the digital era.”
The successful partnership between the Singaporean government and a private technology corporation during the response to the SolarWinds attack exemplifies how PPPs can leverage private sector expertise to obtain critical technical information and develop actionable indicators of compromise, enhancing the collective cybersecurity defence capabilities.
This is merely one instance in which PPPs can assist the public sector in enhancing its cybersecurity posture. Governments and companies can make the digital world safer for everyone by working together and safeguarding individuals, businesses and critical infrastructures in the digital frontier.
David highlighted the importance of adopting a new perspective, urging governments to share information with private businesses and embrace innovative ideas. This shift is challenging yet essential for effective cybersecurity in the digital world. By adjusting their approach and collaborating with private companies, governments can contribute to a safer digital environment for all.
Indeed, Public-Private Partnerships (PPPs) play a crucial role in cybersecurity, as they bridge the gap between the public and private sectors. By sharing information, expertise, and resources, these partnerships enhance the collective ability to detect, prevent, and respond to cyber threats effectively.
Moreover, PPPs facilitate the development of new technologies and innovative solutions, fostering a collaborative environment for tackling evolving cybersecurity challenges. Ultimately, such collaborations improve the coordination of cybersecurity efforts, leading to a more robust and secure global digital landscape and the world (digital and physical) a safer place for everyone.

Shamsul Bahri Hj Kamis, Interim Commissioner of Cyber Security Brunei (CSB), highlighted the need to examine current systems to harmonise cybersecurity in ASEAN. In 2017, ASEAN member states developed the ASEAN Cybersecurity Cooperation Strategy, outlining directions, objectives, and action plans to strengthen cybersecurity in the region.
The policy aims to tackle communication challenges arising from the multitude of sectoral groups within ASEAN working on cybersecurity. This is particularly challenging due to ASEAN’s consensus-based decision-making process, which can sometimes hinder progress.
However, various measures to address cybersecurity in ASEAN are already underway. The ASEAN Computer Emergency Response Team (CERT), which coordinates the response to cybersecurity incidents, and the ASEAN Cybersecurity Capacity Programme, which provides training and assistance to ASEAN member states in developing their cybersecurity capabilities, are two examples.
“To move forward, ASEAN must devise a strategy for more effectively sharing information and collaborating on addressing the most severe cyber threats,” Shamsul elaborates. “This will necessitate tight collaboration among governments, corporations and civil society.”
Shamsul believes that collaboration within ASEAN can create a secure and resilient digital environment for people and businesses. He stressed the need for shared awareness of the region’s risks and challenges, as well as a clear division of responsibilities among the various sectoral bodies.
Strengthening information sharing within ASEAN and with other nations, along with a focus on capacity building in member states, is essential as cybersecurity should be embraced as a shared responsibility by all stakeholders.
“By resolving these issues, ASEAN can make substantial strides towards regional cybersecurity harmonisation,” Shamsul is convinced.

Shariffah Rashidah Syed Othman, Acting Chief Executive of the National Cyber Security Agency of Malaysia (NACSA), agrees that cybersecurity is increasingly becoming a critical concern for governments and businesses globally, particularly in the ASEAN region, where the rapidly growing digital economy necessitates strong cybersecurity measures.
According to Shariffah, the cross-border nature of cyber threats is one of ASEAN’s greatest cybersecurity challenges. Cybercriminals can simply target victims in one country while operating from another. As a result, governments find it difficult to confront cyber threats on their own.
“By combining the resources and experience of governments and businesses, public-private partnerships can assist in addressing this challenge. Governments can provide regulatory and financial support, while businesses can share knowledge about cyber dangers and best practices,” Shariffah says.
Partnerships between the public and private sectors play a vital role in addressing the barrier of a lack of understanding of cyber risks in the ASEAN region. By collaborating, they can raise awareness of internet threats, educate businesses, and individuals on cybersecurity best practices, and collectively work towards creating a safer digital environment for all.
“ASEAN leaders must recognise that cybersecurity is a shared responsibility. Governments, businesses, and individuals must all work together to secure the region from cyber dangers,” Shariffah stressed.
The comprehensive strategy for enhancing cybersecurity in the region must encompass strengthened government cooperation, information sharing on cyber dangers, increased cyber risk awareness, improved critical infrastructure security, and robust protection of personal data. By addressing these crucial aspects collectively, ASEAN can build a more resilient and secure digital ecosystem for its residents and businesses.
Shariffah outlines several key advantages of public-private partnerships in cybersecurity, such as bridging the divide between technical and non-technical skills, fostering trust and collaboration between governments and enterprises, and facilitating the effective implementation of cybersecurity measures.
By leveraging these partnerships, ASEAN can enhance its cybersecurity capabilities, as governments and companies work together to create a safer and more secure digital environment for everyone in the region.
Shariffah advocates practising “cyber hygiene,” urging individuals to be vigilant about online risks and take proactive measures to protect themselves. This includes using strong passwords, regularly updating software, and exercising caution when sharing personal information on the internet. By promoting cyber hygiene, individuals can play an active role in safeguarding their digital security and contributing to a safer online environment for all.
She also stressed the importance of empathy in cybersecurity, highlighting the need to understand diverse perspectives and communicate in a language that is accessible to all. Recognising the different viewpoints held by individuals is crucial in addressing cybersecurity challenges effectively and fostering a collaborative and inclusive approach to cybersecurity initiatives.
“Cybersecurity is more than just a technical problem – it is a societal issue. Thus everyone needs to be included in the discussion. We can all live in a safer digital environment if we all work together,” Shariffah is convinced.
Indeed, understanding that cybersecurity is not solely a tech challenge but also a community one underscores the importance of involving all stakeholders. By acknowledging the broader societal implications of cybersecurity, public-private partnerships can effectively address challenges and implement comprehensive solutions that safeguard everyone in the digital landscape.
Cybersecurity for SMEs: A Workable Model
David Koh, Commissioner of Cybersecurity and Chief Executive of the Cyber Security Agency (CSA), knows the universal importance of cybersecurity for all organisations but understands there are challenges faced by small and medium-sized firms (SMEs). Due to limited resources and experience, SMEs may find it more difficult to implement effective cybersecurity measures.
The Cyber Security Agency (CSA) in Singapore has created a variety of programmes to assist SMEs in strengthening their cybersecurity posture. The Cyber Essentials mark, which offers a set of fundamental cybersecurity measures that all firms should follow, is one of these initiatives.
The Cyber Essentials mark four important areas including:
- Asset management: Includes cybersecurity awareness for its employees, and classifying and identifying each asset in your company, including its hardware, software, and data.
- Secure and Protect: This entails limiting who has access to and what they can do with the resources of your company.
- Update, backup, and Respond.
“SMEs can begin by adopting Cyber Essentials as a foundational step to strengthen their cybersecurity posture,” David advises. “However, these are just initial restrictions, and SMEs may need to implement additional measures based on their specific requirements and threats.”
If SMEs want to strengthen their cybersecurity posture, they should start with the Cyber Essentials,” David says. It’s crucial to keep in mind that these are merely fundamental, basic restrictions. Depending on their particular requirements and dangers, SMEs may need to implement additional steps, adding that CSA would be happy to share its framework with regional partners like Malaysia and Brunei.
Alongside the Cyber Essentials mark, the Cyber Security Agency (CSA) offers a range of tools to support SMEs in enhancing their cybersecurity. These resources encompass a cybersecurity training programme tailored for SMEs, a dedicated cybersecurity helpline, and a list of certified cybersecurity consultants who can guide SMEs in implementing the Cyber Essentials effectively.
By leveraging the CSA tools, SMEs can significantly bolster their cybersecurity defences and safeguard their businesses against online threats, ensuring the security and protection of their valuable assets and sensitive information.
In addition to CSA’s initiatives, SMEs can bolster their cybersecurity posture through various measures, including ensuring regular software updates, which often include vital security patches to safeguard against known vulnerabilities. Individuals can enhance their cybersecurity by using strong passwords and password management software, while organisations can educate their staff about cybersecurity threats.
Moreover, having a well-defined response plan for cyber incidents is essential for effective cybersecurity management.
“By adopting these measures, SMEs can protect themselves from cyber threats and maintain the security of their businesses,” David concluded.
Shamsul spoke about the Cyber Consortium, a regional programme established in 2021, aimed at bolstering the cybersecurity posture of Southeast Asian SMEs. Comprising academic institutions, IT partners, cybersecurity experts, companies, students, and government regulatory agencies, this collaboration focuses on enhancing cybersecurity resilience in the region.
The Cyber Consortium offers a comprehensive array of services to SMEs, including cybersecurity assessments, training and education, technical support for implementing security measures, and networking opportunities with other SMEs and cybersecurity experts, all aimed at strengthening their cybersecurity defences.
“It is a useful tool for SMEs trying to strengthen their cybersecurity posture. SMEs can get the assistance they need to safeguard their companies against cyber dangers by joining the consortium,” Shamsul believes.
Shariffa acknowledges the dynamic nature of the cybersecurity landscape, with evolving technologies and adaptable cyber threats posing challenges for enterprises and individuals to stay updated with the latest security measures.
“Malaysia’s government has made several efforts to assist businesses in improving their cybersecurity posture,” she reveals. “Funding a programme to assess SMEs’ cybersecurity; collaborating with the local sector to deliver managed security services to SMEs; and collaborating with telcos to impose basic cybersecurity hygiene on their services are all part of this.”
While the mentioned actions are valuable, there are further steps that businesses and individuals can take to bolster their protection against cyber threats. Staying vigilant and informed about the latest cybersecurity risks is crucial, involving keeping abreast of security news, reading security blogs, and participating in security conferences to stay well-prepared.
Adopting a layered security strategy is essential for businesses, involving the implementation of multiple security measures such as firewalls, antivirus software, and intrusion detection systems to provide comprehensive protection.
For individuals, safeguarding against cyber dangers includes using strong and unique passwords, being cautious while sharing personal information online, and remaining vigilant about potential phishing scams to ensure greater online safety.
Education plays a crucial role in strengthening cybersecurity. Businesses should invest in training their staff to recognise and respond to cybersecurity threats effectively. Additionally, having a well-defined incident response plan ensures a swift and organised reaction to cyber incidents, minimising potential damage.
Regularly testing security systems and conducting vulnerability assessments are essential practices to identify and address potential weaknesses in the network. Keeping software up to date with the latest patches and security updates is a fundamental measure to protect against known vulnerabilities and potential exploits.
“The cybersecurity landscape is continuously evolving, but by taking precautions, organisations and individuals may help keep themselves safe from cyber threats,” Shariffa ends. “Combining various efforts can significantly enhance the cybersecurity posture for both businesses and individuals.”
Trust Building in ASEAN Cybersecurity
David believes that focusing on shared goals is a powerful strategy to build trust and foster collaboration among diverse parties in the realm of cybersecurity. Establishing common objectives, such as protecting critical infrastructure from cyber threats, enables everyone involved to unite their efforts towards a collective purpose, leading to more effective and coordinated cybersecurity measures.
“By aligning interests and recognising mutual benefits, stakeholders can work together in harmony to strengthen cybersecurity and safeguard digital environments,” he says.
Sharing information is indeed a crucial approach to building trust and enhancing cybersecurity efforts among different organisations. While it may be challenging to exchange sensitive data, the benefits of sharing outweigh the risks. Timely and accurate information sharing enables organisations to recognise and respond to cyber threats more swiftly and effectively.
“Cybersecurity is a complex challenge, but we can conquer it if we all work together,” David says. “Organisations can construct a more secure and robust digital infrastructure by breaking down silos across organisations and industries and sharing information.”
David stressed the importance of teamwork in cybersecurity, akin to an international team sport requiring countries to cooperate and work together. Global collaboration with partners worldwide was highlighted, as well as, investing in education and training to raise awareness of cybersecurity risks, and developing new technologies to enhance defence against cyber threats.
“We can make the digital world a safer place for everyone if we all work together,” David is confident.
Shamsul appreciates the necessity of trust for effective cybersecurity collaboration, noting that countries lacking trust are less likely to exchange information or cooperate in responding to cyber threats.
Several initiatives are currently underway in ASEAN to strengthen trust and collaboration among member states. Some of these efforts include:
- The ASEAN Cybersecurity Capacity Building Centres in Thailand and Singapore
- The ASEAN Partners Search Information Sharing (APSIS) initiative
- The ASEAN Cybersecurity Cooperation Strategy, which calls for the establishment of an ASEAN Computer Emergency Response Team (CERT)
“These activities are assisting in the development of trust among ASEAN member states as well as the improvement of the region’s cybersecurity posture,” Shamsul explains. “However, more work remains to be done.”
Establishing a shared understanding of cybersecurity threats and risks presents a key challenge for effective collaboration among ASEAN member states. Different countries may have varying levels of awareness and perception of cyber dangers, making it crucial to bridge the knowledge gap and foster common ground for tackling cybersecurity issues.
Furthermore, ensuring the safe and secure sharing of information is paramount to building trust and promoting collaboration in cybersecurity efforts. Governments and organisations need robust and reliable mechanisms to exchange critical data and threat intelligence without compromising sensitive information or exposing vulnerabilities.
Despite the challenges faced in establishing shared understanding and secure information sharing, the progress made in enhancing cybersecurity collaboration among ASEAN member nations is encouraging. By continuing to work together and build trust, these countries have the potential to create a more secure and resilient digital future for the region.
Shamsul underscored the importance of a “tangible platform” for knowledge sharing, highlighting its role in fostering trust among ASEAN member states and ensuring the secure and confidential exchange of information. Having a reliable and accessible platform can serve as a foundation for effective collaboration, enabling countries to share valuable insights, best practices, and threat intelligence in real-time.
The National Trust Framework serves as a valuable resource for ASEAN countries seeking to enhance their cybersecurity posture, offering a comprehensive set of recommendations to safeguard critical infrastructure, personal data, and sensitive information.
By exploring this framework, ASEAN countries can save time and costs while building a strong cybersecurity architecture, avoiding the need to reinvent the wheel as the framework provides a solid foundation for their efforts.
“ASEAN countries, I believe, may collaborate to localise and harmonise the National Trust Framework,” said Shamsul. “It would enhance the regional cybersecurity architecture and would improve effectiveness and readiness of ASEAN countries against cyber threats.”
According to Shariffa, building effective human firewalls requires confidence in the commitment of individuals and organisations to cybersecurity, which involves open and willing information sharing about security procedures, ultimately fostering trust and creating a safer and more robust digital ecosystem for countries.
ASEAN countries are dedicated to enhancing regional cybersecurity through collaboration, acknowledging their diverse capacities and competencies. They are working on a flexible framework to facilitate cooperation at individual countries’ respective paces.
As a result, ASEAN cybersecurity mechanisms were established to:
- be a valuable resource for ASEAN countries. It will provide them with access to information and expertise that they may not have otherwise had.
- help to improve coordination between ASEAN countries. This will make it easier for them to share information and respond to cyber threats.
- assist in raising awareness of cybersecurity risks in the region to protect individuals and businesses from cyber-attacks.
Shariffa emphasised that the implementation of the mechanism will involve designating a unit within each ASEAN country. This agency will be responsible for collaborating with other ASEAN nations, sharing information on cyber threats and incidents, and providing technical support to other countries.
The creation of this mechanism represents a significant advancement in ASEAN’s efforts to improve cybersecurity. ASEAN countries can better protect themselves from cyber-attacks and build a more secure digital environment for all by working together.
“The creation of the ASEAN cybersecurity mechanism is a great step forward. It demonstrates the region’s dedication to enhancing cybersecurity,” Shariffa ends.
ASEAN’s Commitment to Improve Cybersecurity
David explained that ASEAN’s ministers have approved a plan to establish a regional Computer Emergency Response Team (CERT) for the region. The ASEAN CERT will serve as a platform for knowledge sharing and skill-building within the region, complementing the existing national CERTs and working collaboratively to enhance cybersecurity across ASEAN.
The ASEAN CERT will strengthen sharing information about cyber threats and incidents; coordinating CERT capacity building programmes in the region; coming up with and supporting best practices for cybersecurity; and educating people about cybersecurity risks and making them more aware of them.
“The ASEAN CERT is a move in the right direction for the region’s attempts to improve cybersecurity,” said David. “By working together, ASEAN countries can protect themselves better from online threats and make the internet safer for everyone.”
The ASEAN CERT will be a valuable resource for member countries, providing access to knowledge and information that may not have been readily available before. By fostering better collaboration and information sharing among the nations, the ASEAN CERT will enhance their collective ability to address cyber threats effectively and strengthen their cybersecurity posture as a united front.
By providing valuable insights into hacking risks, ASEAN CERT will empower individuals and businesses to better protect themselves from cyber-attacks, contributing to a safer digital environment for all. This initiative showcases the region’s commitment to improving cybersecurity and fostering a collective effort to address cyber threats effectively.
Shamsul shares that the ASEAN CERT will collaborate with both foreign and regional groups to advance ASEAN’s cybersecurity objectives and interests. Currently, there is no official platform for CERTs to communicate with one another, making it vital for ASEAN CERTs to foster collaboration, share knowledge, and exchange best practices.
“This collective effort will strengthen the region’s ability to address cyber threats effectively and establish a more secure digital landscape for all ASEAN member states,” he is confident.
The ASEAN CERT will establish partnerships with businesses and higher education institutions, appreciating the valuable information and expertise they possess to enhance cybersecurity. Collaborating with these sectors ensures access to the latest knowledge and skills, enabling ASEAN CERTs to effectively address emerging cyber threats and trends.
By fostering these alliances, the ASEAN CERT can stay at the forefront of cybersecurity advancements, making the region more resilient and better equipped to safeguard its digital landscape.
Shamsul concurs that the establishment of the ASEAN CERT marks a significant advancement in ASEAN’s efforts to enhance cybersecurity. Through collaboration with international and regional organisations, as well as industry and education sectors, the ASEAN CERT can play a crucial role in creating a safer digital environment for everyone in the region.
By fostering partnerships and sharing knowledge, the ASEAN CERT aims to bolster cybersecurity measures, effectively respond to cyber threats, and promote a more secure digital landscape in the ASEAN community.
Shariffa reiterated support for ASEAN initiatives like ASEAN CERT, highlighting that the Malaysian government is actively engaged in strengthening cybersecurity measures. They are currently working on a new Cybersecurity Bill aimed at granting the National Cyber Security Agency (NACSA) enhanced authority to safeguard the nation’s critical infrastructure from cyberattacks.
The proposed Cybersecurity Bill in Malaysia seeks to enforce robust security measures for critical national information infrastructure (CNII) owners and operators. By mandating appropriate security measures, the bill has the potential to significantly enhance Malaysia’s cybersecurity posture, bolstering the nation’s resilience against cyber threats and safeguarding its vital information assets.
Shariffa explains that the proposed Cybersecurity Bill aims to grant NACSA expanded investigative and response capabilities, while also imposing a requirement for CNII owners and operators to implement robust security measures.
This comprehensive approach would significantly bolster the protection of Malaysia’s critical infrastructure from cyberattacks, thereby reducing the risk of cyber espionage and enhancing the nation’s overall cybersecurity resilience.
Shariffa sees the proposed Cybersecurity Bill as a positive and transformative step that has the potential to make Malaysia a more secure nation in the digital age.
“With its comprehensive measures to strengthen cybersecurity, the bill can significantly enhance Malaysia’s resilience against cyber threats and safeguard the nation’s critical infrastructure and digital ecosystem,” she believes.
The CYDES 2023 event showcased the determination of ASEAN nations to address cybersecurity challenges and advance in this critical domain. With a focus on cooperation, a wealth of cybersecurity expertise and initiatives like the ASEAN CERT, the region is taking substantial steps towards enhancing its cybersecurity posture.
By continuing to invest in cybersecurity measures, fostering collaboration among member states, and leveraging their unique assets, ASEAN countries are well-positioned to create a safer and more secure digital environment for their residents and businesses in the ever-evolving digital age. Together, they can forge a path towards a more resilient and protected ASEAN region in the face of emerging cyber threats.
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The 13th Singapore-US Strategic Security Policy Dialogue (SSPD) was convened, and co-chaired by Permanent Secretary of Defence, Chan Heng Kee and United States Acting Under Secretary of Defense for Policy, Sasha Baker. This dialogue, embedded within the 2005 Strategic Framework Agreement and Defence Cooperation Agreement, serves as a cornerstone for shaping the future of Singapore-US defence relations.
Beyond the traditional domains of defence, Singapore and the US are venturing into uncharted territory – cybersecurity and critical emerging technologies. This signifies a strategic shift that acknowledges the evolving nature of security threats in the digital age.
Both nations have recognised the enduring strength of their bilateral defence relationship. Singapore’s unwavering support for the U.S. regional presence, outlined in the 1990 Memorandum of Understanding (MoU) Regarding the U.S. use of Facilities (1990 MoU), remains a crucial pillar of their alliance. Simultaneously, the US continues to bolster the Singapore Armed Forces (SAF) capabilities through overseas training and technology access. This includes the RSAF’s acquisition of the cutting-edge F-35 fighter aircraft.
The dialogue marked a significant milestone by introducing discussions on cybersecurity. In an interconnected world, where information is power, securing digital infrastructure cannot be overstated.
By engaging in collaborative efforts to enhance their cyber defences, Singapore and the US are not only safeguarding their interests but also contributing to global cybersecurity resilience. This proactive approach sets a precedent for other nations to follow suit and collectively combat cyber threats.
Also, the emphasis on critical and emerging technologies highlights the foresight of both nations. In today’s fast-paced technological landscape, advancements in areas such as artificial intelligence (AI), quantum computing, and biotechnology can tip the scales of national security.
By pooling their expertise and resources, Singapore and the US are positioning themselves at the forefront of innovation, ensuring they are well-prepared for the security challenges of the future.
The dialogue also featured discussions on regional developments and the continued engagement of the US in the Asia-Pacific region. The ASEAN Defense Ministers’ Meeting (ADMM)-Plus framework serves as a platform for constructive dialogue and cooperation among ASEAN member states and their partners. Singapore and the US both recognise the significance of this framework in promoting regional stability and security.
Regular bilateral and multilateral training exercises form another vital facet of this partnership. Exercises like Tiger Balm, Pacific Griffin, Commando Sling, Red Flag, and Super Garuda Shield serve as platforms for joint training and skill development. These exercises not only enhance the operational readiness of both armed forces but also foster greater cooperation and understanding between Singapore and the US.
One noteworthy aspect of this collaboration is the US’s support for SAF’s overseas training, exemplified by Exercise Forging Sabre. This training, conducted at Mountain Home Air Force Base, Idaho, has played a pivotal role in honing the skills of RSAF personnel.
In 2023, two RSAF detachments, Peace Carvin II (F-16 fighter aircraft) and Peace Vanguard (Apache AH-64 helicopters), marked their 30th and 20th anniversaries of training in the US, respectively. These milestones are a testament to the enduring nature of the Singapore-US defence relationship.
The 13th Singapore-US Strategic Security Policy Dialogue not only reaffirmed the steadfast commitment of both nations to their long-standing defence partnership but also showcased their readiness to adapt to the evolving security landscape.
As reports cited the inclusion of cybersecurity and critical emerging technologies in the discussions reflects the forward-thinking approach to safeguarding the national interests of both nations. As they continue to train together, exchange knowledge, and invest in cutting-edge technologies, Singapore and the US are poised to navigate the complex challenges of the future, hand in hand.
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The Hong Kong Monetary Authority (HKMA) announced the initiation of the Green Fintech Competition, which will serve as a pivotal step towards promoting the integration of innovative green fintech solutions within the Hong Kong banking sector. The primary objective of this initiative is to bolster the resilience of the banking industry against the looming climate risks.
The competition is a call to action for both local green fintech companies and their international counterparts. It invites these innovative firms to participate and demonstrate how their technological solutions can be harnessed effectively within the banking industry. The competition centres around four key themes, each addressing a crucial aspect of sustainable finance:
- Net-zero Transition or Transition Planning: This theme emphasises the pivotal role of fintech in facilitating the transition towards a net-zero economy. It aims to uncover innovative solutions that can assist banks in their journey towards carbon neutrality.
- Climate Risk Management: Climate risks have become a central concern in the financial sector. Fintech solutions are sought to help banks better understand, assess, and manage these risks effectively.
- Green and Sustainable Finance: The theme of green and sustainable finance underscores the importance of fintech in enabling financial institutions to channel their resources towards environmentally responsible investments.
- Sustainability or Climate-related Disclosure and Reporting: Transparency and disclosure are critical components of sustainable finance. Fintech solutions that enhance the disclosure and reporting of sustainability and climate-related information are in high demand.
These themes were carefully crafted in response to industry feedback, reflecting the pressing challenges faced by the Hong Kong banking sector. The competition encourages participating firms to develop market-ready solutions that align with at least one of these themes. Detailed problem statements for each theme can be found on the official competition website, offering valuable guidance for prospective participants. Firms are also free to propose alternative problem statements that they believe are relevant to the overarching themes.
A panel of judges will evaluate the submitted solutions, comprising representatives from the public and private sectors. This panel includes experts from the banking and technology sectors, professional associations, and academia. The winners of the competition will be granted a unique opportunity to fast-track their entry into the Cyberport Incubation Program. This program is designed to provide comprehensive business support, aiding in the development and growth of green fintech solutions.
Finalists will be invited to participate in and host exhibition booths at the HKMA’s “Green and Sustainable Banking Conference,” scheduled for December 2023, offering a platform for in-depth exchanges with industry professionals and an opportunity to showcase their solutions. It also serves as a valuable forum for exploring potential collaborations with key stakeholders in the financial sector.
In addition to these benefits, participants will have access to tailored consultation services provided by InvestHK. These services are designed to offer further insights into the Hong Kong market, ensuring that their fintech solutions are finely tuned to meet the specific needs and demands of this dynamic financial hub.
The initiative represents a significant step forward in embracing innovative fintech solutions to address critical environmental and sustainability challenges. By inviting participation from both local and global green fintech firms, the competition aims to harness the collective power of technology and finance to build a more sustainable future for the banking industry in Hong Kong and beyond.
Previously, OpenGov Asia reported on the recent bilateral meeting between the Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) holds great significance for the Green Fintech Competition initiated by the HKMA. During the meeting, the central banks agreed to strengthen collaboration in key areas including financial infrastructure, financial market connectivity, and virtual asset regulations, all of which align with the competition’s objectives.
This collaboration, along with the establishment of a joint working group and knowledge-sharing initiatives, is set to amplify the impact of initiatives like the Green Fintech Competition by creating a more interconnected and sustainable global financial ecosystem.
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The Centre for Memory Studies at the Indian Institute of Technology, Madras (IIT-Madras) has introduced the ‘MovingMemory’ application, which harnesses both augmented reality and virtual reality (AR/VR) technologies to capture diverse moving models of memory through digital reconstruction. It was designed to enhance the tourist experience at cultural and heritage sites. It offers virtual tours of famous places in India.
The app’s features allow users to choose their preferred avatar and navigate through three-dimensional spaces. According to a statement from IIT-Madras, it is embedded with additional layers of video, audio, 3D images, and interactive elements which may be used as models for sustainable and heritage-oriented pedagogic and research approaches.
Once the app becomes available to the public, MovingMemory can be accessed from both Android and iOS devices, as well as through browser-based platforms, setting it apart as a uniquely inclusive application. It is a spatial app created with the capability to exist within the metaverse realm.
MovingMemory was introduced at the second annual conference of the Indian Network for Memory Studies, titled ‘Memory, Ecology, and Sustainability.’ It was organised jointly by the Indian Network for Memory Studies and the Centre for Memory Studies at IIT- Madras. It covers a wide range of human-centred technologies and policies related to cultural memory and sustainable development goals, both within India and on a global scale.
At the inaugural event, IIT-Madras Director, V. Kamakoti, said, “It is crucial that we foreground the urgent need to incorporate collective memory in our understanding and ability to anticipate policies related to ecological issues such as climate change. Human as well as non-human forms of memory (such as the memory of water and the memory of nature) such as the Spanish Flu and the 2015 Chennai floods may be studied through interdisciplinary and collaborative formats in order to further memory studies as a discipline.”
The conference aims to connect rituals of remembering and experiencing the environment to systems of sustainability, which assume material, cultural, and technological dimensions through significant events like disasters and floods and long-term processes of change.
The international conference attracted approximately 100 presenters and more than 500 attendees from across India, the United States, the United Kingdom, Germany, New Zealand, Morocco, Canada, Sweden, Bangladesh, and other countries.
An official at the event said that the conference, like all other research activities at the Centre for Memory Studies at IIT-Madras, seeks to bridge technology studies and humanities. Its purpose is to provide a more complex model of engaging with memory, ecology, and sustainability, while also connecting to issues such as disaster studies, anticipatory governance, and durability.
Another expert from IIT-Madras noted the importance of reexamining pre-modern modes of memory and resilience and integrating those with the post-modern modes through which ecology and sustainability practices may receive a more nuanced understanding. These interdisciplinary practices have triggered a paradigm shift in both humanities education and research.
IIT-Madras has undertaken several initiatives in the field of AR/VR. In April, it announced it was developing instructional and educational models that use AR/VR technologies, aimed at assisting secondary schools in rural regions of the country. As OpenGov Asia reported, the initiative provides students with unique opportunities to engage in immersive and experiential learning through VR-enabled technology. Subjects like social science, history, sciences, and languages can be effectively taught using AR/VR world-building, digital storytelling, and educational games. An inaugural AR-based mobile app was launched to capture the history of the transnational Anglo-Indian community across 500 years.
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Indonesian Foreign Minister Retno Marsudi highlighted the digital dimension in the country’s counter-terrorism strategies during her recent address at the Ministerial Plenary Meeting of the Global Counter-Terrorism Forum (GCTF) in New York.
Minister Retno emphasised the significance of comprehensive rehabilitation and reintegration (R&R) efforts within Indonesia. Notably, these efforts extend beyond former terrorist inmates, encompassing strengthening communities and the environments that receive them. The focus on digital aspects of R&R is evident in Indonesia’s approach.
Indonesia has adopted a multifaceted strategy to counter extremism, as outlined in its National Action Plan for Prevention and Countering Extremism. This strategy underscores the “whole-of-government” and “whole-of-society” approaches, highlighting the collaborative roles of the government and civil society. Combining hard and soft approaches, Indonesia actively engages communities and fosters international cooperation in its counter-terrorism efforts.
The digital dimension is also prominent in Indonesia’s second pillar of counter-terrorism strategy, which aims to harness technological advancements while ensuring they are not misused for extremist purposes. The rapid evolution of technology has created opportunities for disseminating extremist ideas, demanding constant vigilance. In response, Indonesia introduced the “Pusat Pengetahuan Indonesia (I-KHub),” or the Indonesian Knowledge Hub.
I-KHub is not merely a digital repository of information but a dynamic platform that actively contributes to Indonesia’s counter-terrorism endeavours. Integrating data systems and facilitating evidence-based decision-making empowers policymakers, law enforcement agencies, and community leaders with actionable insights.
One of the critical features of I-KHub is its ability to analyse trends and patterns in extremist activities. Leveraging advanced data analytics, it can identify emerging threats and hotspots, allowing for proactive measures to be taken. This early warning system is instrumental in preventing extremist ideologies from taking hold in vulnerable communities.
Moreover, I-KHub is a collaborative space where experts, researchers, and stakeholders from various sectors can share knowledge and best practices. This collective intelligence enriches the understanding of extremist narratives and recruitment tactics and facilitates the development of effective counter-narratives.
The platform’s outreach extends to educational institutions, where it supports curriculum development aimed at countering extremism. I-KHub is vital in promoting digital literacy and critical thinking among students by providing educators with relevant resources and insights. This proactive approach helps inoculate young minds against the allure of extremist ideologies.
In the digital realm, I-KHub monitors online spaces where extremist content proliferates. It can promptly identify and report such content through advanced algorithms and data analysis. This collaborative effort with tech companies and social media platforms contributes to removing extremist material from the internet, disrupting the digital recruitment efforts of extremist groups.
The third aspect of Indonesia’s counter-terrorism strategy focuses on creating a secure environment to counter extremism. This includes digital-driven educational programmes targeting women and children. Minister Retno highlighted that extremist ideologies thrive in environments rife with hatred, emphasising the role of digital tools in promoting understanding, tolerance, and peace.
In her closing, Minister Retno expressed that GCTF member countries would firmly commit to ensuring the inclusive implementation of the R&R strategy. The Global Counter-Terrorism Forum is a vital international platform for global cooperation and information exchange on counter-terrorism and violence-based extremism.
Indonesia underscores the country’s commitment to harnessing technology for a safer and more peaceful society. Indonesia’s multifaceted counter-terrorism approach, particularly its emphasis on digital knowledge sharing through I-KHub, reflects its dedication to addressing the global challenge of extremism with modern tools and strategies.
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Chinese Vice Premier Zhang Guoqing emphasised China’s resolve to promote high-level openness in the digital sphere at a time when global digital cooperation was at a turning point. This announcement was made during the second high-level digital conversation between China and the EU which Zhang and Vera Jourova, Vice President of the European Commission, co-chaired.
The meeting was a big step forward in the ongoing conversation between China and the EU. They talked in depth about many important issues in the digital world. The growing field of artificial intelligence (AI), communication technology standards, the moving of data across borders, and the safety of non-food items were some of the topics that people were interested in.
These discussions had positive results, highlighting the possibility of cooperation and understanding between these two significant figures on the international scene. The recognition of China and the EU’s complementary roles in the digital sphere and their common interests was a recurring subject in the talks.
To support the expansion of the digital economy, both parties were unwavering in their resolve to cultivate a cooperative spirit, further improve exchanges, and create an environment that is open, inclusive, impartial, fair, and non-discriminatory. This concerted effort has the ability to not only spearhead the global digital transformation but also make a major contribution to the ongoing global economic recovery process.
At the heart of this cooperative spirit is Zhang’s call to businesses everywhere, particularly those in Europe, to take advantage of the growing prospects China’s digital economy offers. This invitation highlights China’s willingness to interact with other countries and signals a new era in which win-win scenarios and cooperative relationships are not only welcomed but actively pursued.
Vera emphasised the solid basis and promising future of cooperation between China and the European Union in the digital domain affirming that the EU is keen to engage in practical cooperation with China in a range of pertinent topics, to facilitate more thorough interactions, and to expand conversation. A forward-thinking strategy that crosses boundaries and capitalises on the combined strengths of nations is exemplified by the reciprocal readiness to investigate opportunities for collaboration.
This conversation has far wider implications than just the meeting space. It represents a coming together of interests and an understanding of how interwoven the world’s digital landscape is. Partnerships like these have the power to influence the course of innovation and development in an era where digital technologies drive economies, industries, and communities.
China has led the way in developing cutting-edge technology and promoting digital transformation domestically. It expands its boundaries and enhances the global digital ecosystem by reaching out to international stakeholders and offering cooperation.
On the other hand, the EU is proud of its own innovation and knowledge pools. By working together, the EU can take advantage of the vitality of the Chinese digital economy and open up new markets. This conversation also reflects a larger trend: the realisation that digital cooperation is becoming a requirement rather than just a question of choice.
In a time where digital data is growing exponentially, AI is pervasive, and technological sectors are converging more and more, countries need to work across borders to solve problems and take advantage of possibilities. The two nations are eager that they can build a more affluent and connected digital future through communication and cooperation, instead of giving in to protectionism and divisive narratives.
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New South Wales (NSW) is partnering with key stakeholders, including universities and businesses, to develop an Innovation Blueprint aimed at revitalising the state’s innovation sector. The backdrop for this initiative is the stagnation in university-industry collaboration and the lack of progress in commercialising research outcomes, as highlighted by the NSW Innovation and Productivity Council. Simultaneously, R&D intensity in the region has been declining, emphasising the need for strategic interventions.
However, the government is mindful of fiscal constraints while working to restore the state’s finances and essential services. As a result, all expenditures must align with the best interests of NSW residents. The Innovation Blueprint is designed to be a collaborative effort, drawing insights from sector leaders and experts to position NSW as a global leader in attracting investments, fostering innovation, and attracting talent.
To facilitate this process, the Minister for Innovation, Science, and Technology will lead roundtable discussions on various topics, including venture capital, government support, startup growth, innovation adoption by industries, and talent attraction. These discussions will be instrumental in shaping the final blueprint.
The Innovation Blueprint cannot be overstated and has the potential to spark innovation across emerging sectors and crucial enabling technologies like quantum computing, artificial intelligence, data science, cybersecurity, sensors, and robotics. These innovations are expected to have a profound impact across diverse sectors, including energy, advanced manufacturing, healthcare, and agrifood, all vital for NSW’s future economic growth.
The Minister leading this initiative underscored the government’s commitment to nurturing a robust innovation sector. In his view, a thriving innovation sector not only creates high-value jobs but also enhances productivity within high-growth industries. The government believes that by fostering innovation and cutting-edge industries, it can secure the jobs of the future and attract top-tier talent to NSW.
Thus, the NSW Labor Government is working to revitalise NSW’s innovation sector through collaborative efforts with universities, businesses, and sector experts. This initiative addresses longstanding challenges in university-industry collaboration and the need to reverse declining R&D intensity.
While fiscal responsibility is paramount, the government recognises that strategic investments in innovation are essential for NSW’s long-term prosperity. Through the Innovation Blueprint, NSW aims to position itself as a global leader, attracting investments, talent, and industries that will define the future.
OpenGov Asia recently reported that the Government of Western Australia is offering over AU$3 million in grants through the Local Capability Fund (LCF) to boost local small to medium-sized businesses. These grants aim to enhance their competitiveness and capacity, making them eligible for government and private sector contracts.
This initiative aligns with the Minns Labor Government’s Innovation Blueprint in New South Wales (NSW), which seeks to drive innovation and economic growth. While the LCF focuses on empowering local businesses to secure contracts, the Innovation Blueprint in NSW takes a broader approach, promoting innovation across various sectors.
Both initiatives share the goal of fostering economic development. The LCF in Western Australia offers targeted support, including assistance for Aboriginal-owned businesses, compliance with national and international standards, and upcoming digital transformation support. These align with the Innovation Blueprint’s focus on innovation in sectors like energy, healthcare, and advanced manufacturing.
Collaboration is key in both efforts. Western Australia partners with local businesses, while NSW collaborates with universities, businesses, and experts. These initiatives collectively contribute to enhancing Australia’s economic landscape by empowering local businesses and driving technological advancement.
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The Ministry of Agriculture and Farmers Welfare has introduced an artificial intelligence (AI)-based Chatbot for the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme. Under the Scheme, Indian farmers receive income support of up to IN₹ 6,000 (US$ 72) per year. The AI Chatbot will improve the effectiveness and reach of PM-KISAN, ensuring that farmers receive timely, clear, and reliable answers to their inquiries.
The chatbot has been incorporated into the PM-KISAN grievance management system. It aims to empower farmers with a user-friendly and easily accessible platform, the government said in a press release. In its initial development phase, the AI chatbot will aid farmers in obtaining information about their application status, payment details, eligibility status, and other scheme-related updates.
Accessible via the PM KISAN mobile app, the chatbot is seamlessly integrated with Bhashini, providing multilingual support that caters to the linguistic and regional diversity of PM-KISAN beneficiaries. This incorporation of cutting-edge technology not only improves transparency but also empowers farmers by enabling them to make informed decisions, the release noted. Presently, the chatbot can be used in English, Hindi, Bengali, Odia, and Tamil. Soon, it will be accessible in 22 languages spoken in the country.
During the launch of the chatbot, the Minister of State for Agriculture and Farmers Welfare, Kailash Choudhary, claimed that the initiative aligns with Prime Minister Narendra Modi’s vision to enhance the well-being of farmers and improve governance by leveraging technology.
He suggested expanding the service to link it with other related issues like weather information, soil conditions, and bank payments. Choudhary commended the Ministry officials for swiftly onboarding the technology, highlighting its potential to streamline the workload for agricultural officials at both the central and state levels. This is the first AI chatbot integrated into a major flagship scheme of the government. In the coming months, the technology will also be deployed for other significant initiatives of the Ministry.
Launched in February 2019, the Pradhan Mantri Kisan Samman Nidhi scheme supports the financial needs of land-holding farmers in the country. It offers an annual financial benefit of US$ 72 in three equal instalments to eligible farmers’ families through Direct Benefit Transfer (DBT) mode. Since its inception, over IN₹ 2.61 trillion (US$ 31.4 billion) has been disbursed to more than 110 million farmers so far, making it one of the largest Direct Benefit Transfer schemes globally.
India is reliant on its agricultural sector and modernising it is a pivotal step in improving the quality and reliability of its process and products. The government has launched several technology-based solutions across various segments of the sector. Earlier this month, the Unified Portal for Agricultural Statistics (UPAg Portal) was launched to tackle complex governance issues in the sector. It is designed to optimise and elevate data management within the agricultural sphere, contributing to a more efficient and responsive agricultural policy framework.
As OpenGov Asia reported, the portal standardises data related to prices, production, area, yield, and trade, consolidating it in a single location. This eliminates the necessity to compile data from multiple sources. The portal can also conduct advanced analytics, providing insights into production trends, trade correlations, and consumption patterns.
It can produce granular production estimates with increased frequency, improving the government’s capacity to respond swiftly to agricultural crises. Commodity profile reports will be generated using algorithms, reducing subjectivity and providing users with comprehensive insights. Users also have the flexibility to use the portal’s data for crafting their own reports, fostering a culture of data-driven decision-making.