Monday July 23, 2018

Asean: Silicon Valley of the East?

Does ASEAN have what it takes? For Monetary Authority of Singapore’s Elean Chin, Southeast Asia is a hotbed for startups, with its young and technologically savvy population. (SunStar Foto/Arni Aclao)

CAN Southeast Asia be the Silicon Valley of the East?

Elean Chin, deputy director and head for financial markets development department of Monetary Authority of Singapore (MAS), posed this question before the startup community during the Cebu leg of the Meet Asean’s Talents and Champions (Match) Philippines roadshow last Tuesday.

According to Chin, the region can be the world’s next hotbed for startups, considering its young and dynamic population who are tech-savvy and the presence of supportive government policies.

“Asean is the new breeding ground for startups,” said Chin.

But she quickly pointed out Asean’s diversity as the one of the region’s major challenges.SEE MORE