Digital revolution could add US$1 trillion to Asean GDP by 2025

Publication launch: (from left) CIMB group chairman Datuk Seri Nazir Razak, Munir and Jose Ma ‘Joey’ A. Concepcion III, 2017 chairman of the Asean Business Advisory Council at the publication launch.

PETALING JAYA: The digital revolution sweeping through Asean could add an estimated US$1 trillion to the region’s gross domestic product by the end of 2025, said CIMB Asean Research Institute’s (CARI) president Tan Sri Munir Majid.

“There is great excitement and expectation in the Asean region about the digital age. The digital economy alone will then be worth US$200bil before rising rapidly. However there are challenges that must be addressed to achieve this,” Munir said in a press release.