Latest news with #LeeKuanYewSchoolofPublicPolicy
BusinessToday
7 days ago
- Business
- BusinessToday
US$130 Billion 5G-AI Economic Opportunity For ASEAN
ASEAN stands at the precipice of a transformative digital era, with the convergence of 5G and Artificial Intelligence (AI) poised to unlock a staggering US$130 billion economic opportunity for the Asia Pacific region by 2030. However, a new comprehensive research report by the Lee Kuan Yew School of Public Policy (LKYSPP) warns that coordinated policy frameworks are urgently needed to harness this potential and prevent deepening digital divides across the diverse bloc. Released today, the report, 'Leveraging 5G to Accelerate AI-Driven Transformation in ASEAN: Imperatives, Policy Insights, and Recommendations,' serves as a blueprint for policymakers to accelerate the region's digital leadership. Professor Vu Minh Khuong, Practice Professor at the LKYSPP, National University of Singapore, underscored the urgency at the report launch. 'The convergence of 5G and AI represents the infrastructure of innovation, powering smart manufacturing, precision agriculture, and autonomous mobility. But ASEAN cannot afford to wait. The window for establishing regional leadership in intelligent connectivity is rapidly closing.' The study highlights significant disparities in 5G adoption across ASEAN, ranging from a robust 48.3% penetration in Singapore to less than 1% in several member states. Without unified action, these disparities threaten to hinder regional competitiveness as other global regions accelerate their digital transformation. Drawing from extensive interviews and surveys with over 400 professionals across eight ASEAN countries, the LKYSPP report identifies ten critical imperatives to fast-track 5G-AI transformation. A core recommendation is the establishment of coordinated digital leadership to overcome existing fragmentation that is slowing regional progress. The report urges ASEAN governments to view 5G not merely as a telecom upgrade, but as a strategic enabler for AI, while simultaneously addressing widening skills gaps impeding enterprise adoption. To secure ASEAN's digital future, the research recommends five strategic priorities: Establishing national 5G-AI development strategies with clear 2025-2030 roadmaps. Creating empowered coordination agencies within ASEAN member countries. Deploying forward-looking spectrum policies that promote accessibility and innovation. Fostering vibrant AI-driven ecosystems through robust public-private collaboration. Implementing robust monitoring frameworks to track progress and enable course corrections. The LKYSPP study emphasizes that prioritizing enterprise adoption is key to realizing 5G's economic impact. It points to existing regional successes demonstrating transformative potential, such as Singapore's 5G-powered smart ports achieving 50% latency reduction, Thailand's deployment of AI-enhanced disaster management systems, and Malaysia's wholesale network model reaching 82% population coverage. These examples, the report notes, illustrate the power of effectively implemented coordinated strategies. Furthermore, the report highlights the critical role of private 5G networks for Industry 4.0 transformation and positions Fixed Wireless Access as a compelling solution to bridge connectivity gaps in underserved areas. Current 5G deployments are also framed as crucial infrastructure for 6G evolution, expected by 2030, making today's policy decisions pivotal for future competitiveness. Looking ahead, the study envisions an ASEAN where enterprises scale globally through intelligent manufacturing, farmers optimize yields with AI-driven analytics, and students in remote areas access immersive education platforms, all powered by 5G and AI. Realizing this ambitious vision, according to the LKYSPP, demands bold and coordinated action, strategic planning, and sustained commitment to digital transformation. The comprehensive 148-page report and its executive summary are now available for public download, serving as both a strategic guide for policymakers and a resounding call to action for regional institutions to seize the 5G-AI moment and shape a digitally empowered future for ASEAN's 700 million citizens. Related
Associated Press
22-07-2025
- Business
- Associated Press
Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation
New Research Reveals US$130 Billion Economic Opportunity and Outlines Policy Framework to Accelerate Regional Digital Leadership by 2030 SINGAPORE - Media OutReach Newswire - 22 July 2025 - The Lee Kuan Yew School of Public Policy (LKYSPP) today released a comprehensive research report outlining how ASEAN can harness 5G and artificial intelligence convergence for transformative economic growth. The study, 'Leveraging 5G to Accelerate AI-Driven Transformation in ASEAN: Imperatives, Policy Insights, and Recommendations,' provides policymakers with actionable strategies to unlock the region's digital potential. Prof. Vu Minh Khuong, Practice Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, at the report launch event ASEAN faces a critical window of opportunity. The research shows 5G alone is projected to contribute US$130 billion to Asia Pacific's economy by 2030. However, adoption remains uneven across the region — ranging from 48.3% penetration in Singapore to less than 1% in several ASEAN member states. Without coordinated action, these disparities risk deepening digital divides and weakening regional competitiveness. ASEAN may be left behind as other regions accelerate their digital transformation. 'The convergence of 5G and AI represents the infrastructure of innovation, powering smart manufacturing, precision agriculture, and autonomous mobility. But ASEAN cannot afford to wait. The window for establishing regional leadership in intelligent connectivity is rapidly closing,' said Professor Vu Minh Khuong from LKYSPP. 'Our report provides ASEAN policymakers with a blueprint to navigate the complex intersection of 5G and AI integration, and now policymakers must act decisively. Coordinated strategies that can accelerate regional leadership in intelligent connectivity must be established to help the region move beyond incremental improvements toward transformative digital leadership.' The LKYSPP study, drawing from extensive stakeholder interviews and survey responses from over 400 professionals across eight ASEAN countries, identifies ten critical imperatives for accelerating 5G-AI transformation, beginning with establishing coordinated digital leadership to address fragmentation that is currently slowing regional progress. ASEAN governments should treat 5G as a strategic AI enabler — not merely a telecom upgrade — while addressing the widening skills gaps that are impeding enterprise adoption across the region. To secure ASEAN's digital future, the report recommends implementing five strategic priorities: The LKYSPP report emphasises that enterprise adoption should be prioritised as the primary driver of 5G's economic impact. Looking across the region, there is much potential and notable examples of success: Singapore's 5G-powered smart ports have achieved 50% latency reduction, Thailand has deployed AI-enhanced disaster management systems, and Malaysia's wholesale network model has reached 82% population coverage. These examples illustrate the potential for transformative impacts when coordinated strategies are effectively implemented. According to the LKYSPP research report, private 5G networks are essential for Industry 4.0 transformation, while Fixed Wireless Access offers a compelling solution for bridging connectivity gaps in underserved areas. The report also positions current 5G deployment as critical infrastructure for 6G evolution expected by 2030, making today's strategic decisions particularly important for future competitiveness. Looking ahead, the study envisions ASEAN leading a 5G-AI powered future where enterprises scale globally through intelligent manufacturing, farmers optimise yields using AI-driven analytics, and students in remote areas access immersive education platforms. Realizing this vision requires bold coordinated action, strategic coordination and planning, and sustained commitment to digital transformation. The comprehensive 148-page report and executive summary are now available for download. The findings serve as both a strategic guide for policymakers and a call to action for regional institutions to seize the 5G-AI moment and shape a digitally empowered future for ASEAN's 700 million citizens. Hashtag: #LeeKuanYewSchoolofPublicPolicy #LKYSPP The issuer is solely responsible for the content of this announcement. About Professor Vu Minh Khuong Prof Vu Minh Khuong is a Practice Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore. His research and teaching concentrate on economic development and policy analysis. He has published three books and over 50 papers in prestigious academic journals, including Technological Forecasting and Social Change, Information Economics and Policy, Journal of Policy Analysis and Management, Scandinavian Journal of Economics, Telematics and Informatics, Telecommunication Policy, Journal of Structural Change and Economic Dynamics, Energy Policy. He is among the top 2% of most-cited scholars worldwide. Prof Vu earned his PhD from Harvard University. He is a member of the Editorial Board of the Journal of Telecommunications Policy and the Journal of East Asian Policy. About the Lee Kuan Yew School of Public Policy The Lee Kuan Yew School of Public Policy (LKYSPP) is an autonomous, professional graduate school of the National University of Singapore. Its mission is to be a leading global public policy school, with its faculty and alumni shaping thought leadership, improving standards of governance, and transforming lives for a more sustainable world. In addition to its Masters and PhD programmes, LKYSPP offers high quality Executive Programmes for civil servants, corporate executives, and non-profit professionals to equip them with insights and skills to transform their organisations and the world.
The Sun
22-07-2025
- Business
- The Sun
Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation
SINGAPORE - Media OutReach Newswire - 22 July 2025 - The Lee Kuan Yew School of Public Policy (LKYSPP) today released a comprehensive research report outlining how ASEAN can harness 5G and artificial intelligence convergence for transformative economic growth. The study, 'Leveraging 5G to Accelerate AI-Driven Transformation in ASEAN: Imperatives, Policy Insights, and Recommendations,' provides policymakers with actionable strategies to unlock the region's digital potential. ASEAN faces a critical window of opportunity. The research shows 5G alone is projected to contribute US$130 billion to Asia Pacific's economy by 2030. However, adoption remains uneven across the region — ranging from 48.3% penetration in Singapore to less than 1% in several ASEAN member states. Without coordinated action, these disparities risk deepening digital divides and weakening regional competitiveness. ASEAN may be left behind as other regions accelerate their digital transformation. 'The convergence of 5G and AI represents the infrastructure of innovation, powering smart manufacturing, precision agriculture, and autonomous mobility. But ASEAN cannot afford to wait. The window for establishing regional leadership in intelligent connectivity is rapidly closing,' said Professor Vu Minh Khuong from LKYSPP. 'Our report provides ASEAN policymakers with a blueprint to navigate the complex intersection of 5G and AI integration, and now policymakers must act decisively. Coordinated strategies that can accelerate regional leadership in intelligent connectivity must be established to help the region move beyond incremental improvements toward transformative digital leadership.' The LKYSPP study, drawing from extensive stakeholder interviews and survey responses from over 400 professionals across eight ASEAN countries, identifies ten critical imperatives for accelerating 5G-AI transformation, beginning with establishing coordinated digital leadership to address fragmentation that is currently slowing regional progress. ASEAN governments should treat 5G as a strategic AI enabler — not merely a telecom upgrade — while addressing the widening skills gaps that are impeding enterprise adoption across the region. To secure ASEAN's digital future, the report recommends implementing five strategic priorities: 1. Establishing national 5G-AI development strategies with clear 2025-2030 roadmaps; 2. Creating empowered coordination agencies in ASEAN member countries; 3. Deploying forward-looking spectrum policies that promote accessibility and innovation; 4. Fostering vibrant AI-driven ecosystems through public-private collaboration; and 5. Implementing robust monitoring frameworks to track progress and enable course corrections. The LKYSPP report emphasises that enterprise adoption should be prioritised as the primary driver of 5G's economic impact. Looking across the region, there is much potential and notable examples of success: Singapore's 5G-powered smart ports have achieved 50% latency reduction, Thailand has deployed AI-enhanced disaster management systems, and Malaysia's wholesale network model has reached 82% population coverage. These examples illustrate the potential for transformative impacts when coordinated strategies are effectively implemented. According to the LKYSPP research report, private 5G networks are essential for Industry 4.0 transformation, while Fixed Wireless Access offers a compelling solution for bridging connectivity gaps in underserved areas. The report also positions current 5G deployment as critical infrastructure for 6G evolution expected by 2030, making today's strategic decisions particularly important for future competitiveness. Looking ahead, the study envisions ASEAN leading a 5G-AI powered future where enterprises scale globally through intelligent manufacturing, farmers optimise yields using AI-driven analytics, and students in remote areas access immersive education platforms. Realizing this vision requires bold coordinated action, strategic coordination and planning, and sustained commitment to digital transformation. The comprehensive 148-page report and executive summary are now available for download. The findings serve as both a strategic guide for policymakers and a call to action for regional institutions to seize the 5G-AI moment and shape a digitally empowered future for ASEAN's 700 million citizens.
Arabian Post
22-07-2025
- Business
- Arabian Post
Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation
New Research Reveals US$130 Billion Economic Opportunity and Outlines Policy Framework to Accelerate Regional Digital Leadership by 2030 SINGAPORE – Media OutReach Newswire – 22 July 2025 – The Lee Kuan Yew School of Public Policy (LKYSPP) today released a comprehensive research report outlining how ASEAN can harness 5G and artificial intelligence convergence for transformative economic growth. The study, 'Leveraging 5G to Accelerate AI-Driven Transformation in ASEAN: Imperatives, Policy Insights, and Recommendations,' provides policymakers with actionable strategies to unlock the region's digital potential. Prof. Vu Minh Khuong, Practice Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, at the report launch event ASEAN faces a critical window of opportunity. The research shows 5G alone is projected to contribute US$130 billion to Asia Pacific's economy by 2030. However, adoption remains uneven across the region — ranging from 48.3% penetration in Singapore to less than 1% in several ASEAN member states. Without coordinated action, these disparities risk deepening digital divides and weakening regional competitiveness. ASEAN may be left behind as other regions accelerate their digital transformation. ADVERTISEMENT 'The convergence of 5G and AI represents the infrastructure of innovation, powering smart manufacturing, precision agriculture, and autonomous mobility. But ASEAN cannot afford to wait. The window for establishing regional leadership in intelligent connectivity is rapidly closing,' said Professor Vu Minh Khuong from LKYSPP. 'Our report provides ASEAN policymakers with a blueprint to navigate the complex intersection of 5G and AI integration, and now policymakers must act decisively. Coordinated strategies that can accelerate regional leadership in intelligent connectivity must be established to help the region move beyond incremental improvements toward transformative digital leadership.' The LKYSPP study, drawing from extensive stakeholder interviews and survey responses from over 400 professionals across eight ASEAN countries, identifies ten critical imperatives for accelerating 5G-AI transformation, beginning with establishing coordinated digital leadership to address fragmentation that is currently slowing regional progress. ASEAN governments should treat 5G as a strategic AI enabler — not merely a telecom upgrade — while addressing the widening skills gaps that are impeding enterprise adoption across the region. To secure ASEAN's digital future, the report recommends implementing five strategic priorities: Establishing national 5G-AI development strategies with clear 2025-2030 roadmaps; Creating empowered coordination agencies in ASEAN member countries; Deploying forward-looking spectrum policies that promote accessibility and innovation; Fostering vibrant AI-driven ecosystems through public-private collaboration; and Implementing robust monitoring frameworks to track progress and enable course corrections. The LKYSPP report emphasises that enterprise adoption should be prioritised as the primary driver of 5G's economic impact. Looking across the region, there is much potential and notable examples of success: Singapore's 5G-powered smart ports have achieved 50% latency reduction, Thailand has deployed AI-enhanced disaster management systems, and Malaysia's wholesale network model has reached 82% population coverage. These examples illustrate the potential for transformative impacts when coordinated strategies are effectively implemented. According to the LKYSPP research report, private 5G networks are essential for Industry 4.0 transformation, while Fixed Wireless Access offers a compelling solution for bridging connectivity gaps in underserved areas. The report also positions current 5G deployment as critical infrastructure for 6G evolution expected by 2030, making today's strategic decisions particularly important for future competitiveness. ADVERTISEMENT Looking ahead, the study envisions ASEAN leading a 5G-AI powered future where enterprises scale globally through intelligent manufacturing, farmers optimise yields using AI-driven analytics, and students in remote areas access immersive education platforms. Realizing this vision requires bold coordinated action, strategic coordination and planning, and sustained commitment to digital transformation. The comprehensive 148-page report and executive summary are now available for download. The findings serve as both a strategic guide for policymakers and a call to action for regional institutions to seize the 5G-AI moment and shape a digitally empowered future for ASEAN's 700 million citizens. Hashtag: #LeeKuanYewSchoolofPublicPolicy #LKYSPP The issuer is solely responsible for the content of this announcement. About Professor Vu Minh Khuong Prof Vu Minh Khuong is a Practice Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore. His research and teaching concentrate on economic development and policy analysis. He has published three books and over 50 papers in prestigious academic journals, including Technological Forecasting and Social Change, Information Economics and Policy, Journal of Policy Analysis and Management, Scandinavian Journal of Economics, Telematics and Informatics, Telecommunication Policy, Journal of Structural Change and Economic Dynamics, Energy Policy. He is among the top 2% of most-cited scholars worldwide. Prof Vu earned his PhD from Harvard University. He is a member of the Editorial Board of the Journal of Telecommunications Policy and the Journal of East Asian Policy. About the Lee Kuan Yew School of Public Policy The Lee Kuan Yew School of Public Policy (LKYSPP) is an autonomous, professional graduate school of the National University of Singapore. Its mission is to be a leading global public policy school, with its faculty and alumni shaping thought leadership, improving standards of governance, and transforming lives for a more sustainable world. In addition to its Masters and PhD programmes, LKYSPP offers high quality Executive Programmes for civil servants, corporate executives, and non-profit professionals to equip them with insights and skills to transform their organisations and the world.
Yahoo
12-05-2025
- Business
- Yahoo
Scion of hospitality conglomerate Genting Group sees potential in wellness-based co-living spaces
'The Initial Sama,' from Singapore-based design and architecture firm Cover Projects, sits in a leafy part of Singapore, near the National University of Singapore's Lee Kuan Yew School of Public Policy and down the road from the city's botanic gardens. Yet while the almost-70-year-old building sits near a university, the co-living space, which opens in July, isn't targeting students, nor the executives that normally pick up serviced apartments. Instead, Lim Keong Wee, founder of Cover Projects, is focused on a different kind of clientele: medical tourists. 'We first were quite taken by the Evans Road building being a heritage building,' Lim says. 'Then we did our research and thought wellness tourism has the potential to grow even bigger and much faster.' Lim was so confident in his analysis that his company outbid all other competitors for the plot by almost 50%, offering to pay a monthly lease of 265,000 Singapore dollars ($201,000) to the Singapore Land Authority. Lim explains the building's proximity to private hospitals and a large botanic garden gives Cover Projects a strategic advantage when it comes to wellness tourism. 'The opportunity was very rare,' Lim says, 'hence we were quite aggressive with our bid.' In particular, he sees the space as adding capacity to two nearby private hospitals, providing a temporary living space for patients who still need post-op care, who can now live in the co-living space and free up hospital bed space. Lim first got the idea for 'The Initial Sama' when he noticed a rising number of medical tourists at one of his other properties, 'The Initial Residence'. Cover Project's other co-living spaces are targeted at the usual clientele of college students and expats. Yet Lim noticed that 'The Initial Residence,' based in the city's Balestier neighborhood, was reporting a rise in stays from people seeking treatment at a nearby medical hub. Some hospital brands in Southeast Asia have also partnered with hotels and serviced apartment providers to provide space for international patients who need post-op care, and in the city-state, hotels and serviced apartments are also often located closeby to major popular medical facilities. While Singapore is a popular destination for medical tourism in Southeast Asia, the industry has not grown to the same extent as neighbors like Thailand and Malaysia. Medical providers argue the strong Singapore dollar is increasing costs—including for accommodation. Lim positions his developments as part of an approach he calls 'context-driven design,' which leverages heritage buildings in Singapore. Cover Projects' first development was 'Eighteen by Three,' which restored a shophouse in Singapore's Chinatown and turned it into an international student hostel. That was followed by 'The Initial Residence,' a newer building located in one of the older and grittier neighborhoods on the fringes of the city center. 'The Initial Sama' is housed in a building that dates from 1958, five years before Singapore left the British Empire. The building was once a former college under the then-University of Malaya. 'Our general approach to any building from a design standpoint has to be what we call context driven. Understanding a building's history gives us a glimpse of why the building was here,' Lim says. Lim hopes to use design to draw people into spaces, which is perhaps why he's focused on hospitality projects for his redevelopments. 'When we first started with shophouses, we found them to be very rich in culture, and history. We started to look at them from a lens of how design can rejuvenate spaces and ultimately allow people to discover the locale, or if not the building itself,' Lim says. 'We started looking into multi-use spaces that's very driven by experiences.' Lim is part of the founding family behind the Genting Group, No. 54 on the Southeast Asia 500. The company opened its first casino in Malaysia in 1971, and now operates resorts in Las Vegas, New York, and Singapore. His father, Lim Chee Wah, is the youngest son of the founder of the Genting Group and formerly deputy managing director of Genting Berhad. Chee Wah's brother is currently the chairman of Genting Group. Lim explains that he had been exposed to the hospitality business from a young age due to his family ties. He subsequently moved to the U.K. to pursue a degree in architecture. He later co-founded PAC, a design-focused firm, with fellow architect Victoria Loh in 2009. The firm was one of the master planner designers for Genting Secret Garden in Zhangjiakou. That resort was used to house a media centre, athletes, and delegates for the Beijing Winter Olympics in 2022. The two then founded Cover Projects in 2015 and focused on 'boutique spaces,' as well as consulting for clients. Those connections helped them get started in the wellness co-living space. 'Working with other clients allows us to be nimble and explore other concepts. We've had clients in the wellness space and that gave us insights, which is why we then took the plunge and made a bid for Evans Road,' Lim says. This story was originally featured on
