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Leading Asia Pacific countries are Singapore, Hong Kong, Korea, Taiwan and Japan Southeast Asian nations such as Malaysia, Philippines and Indonesia suffer declines     ASIA’S rankings fell in the IMD World Digital Competitiveness Rankings 2018, while the US, Canada and Europe made it to the top ten list. Singapore, which lost its number one spot to the US this year, remains the only Asian country in the top ten, while the third most digitally competitive nation is Sweden. The IMD World Digital Competitiveness Ranking 2018 studies 63 economies. This year the majority (29) of countries in the study experienced an improvement in digital competitiveness. About 40% of the sample (26 countries) showed a decline while only eight economies remained

in the same position. In a statement on June 19, the IMD World Competitiveness Centre noted that Singapore achieved first place in knowledge and technology factors, and 15th in future readiness. The IMD World Competitiveness Centre is a research group at IMD business school (IMD) in Switzerland with 30-years of research expertise in the field of country competitiveness. “Seemingly, despite Singapore’s high level of training and education, and an environment conducive to digitalization, society’s attitudes toward the adoption of technologies and the agility of business to take advantage of digital transformation, are relatively low (20th and 18threspectively),” IMD said.     IMD Business School director of finance and IMD World Competitiveness Centre head Arturo Bris (pic, above) pointed out via

an e-mail to Digital News Asia: “For Singapore it is primarily a lower ranking in the ability of the country to adapt: this indicator refers to the individual citizen’s ability and willingness to adopt digital technologies.” Singapore and Hong Kong led the Asia Pacific region in the rankings, although Singapore dropped to the second spot and Hong Kong from the 7th to 11th position. South Korea meanwhile, reached the 14th spot (five places up from the 19th), while Japan advanced five places to the 22nd position. Both countries improved due to their advancement in components of knowledge and future readiness, IMD said. China also improved (from 31st to 30th), as did India (51st to 48th). Among the Southeast Asian countries

ex-Singapore, Thailand was the only one to improve (from 41st to 39th). According to IMD, these countries all shared progress in the technology factor, ranging from improvements in connectivity systems to tech-friendly regulations. Taiwan however, saw a decline (12th to 16th place), as did most of the Southeast Asian nations. Malaysia declined from the 24th to 27th place, seeing a decrease in technology and future readiness according to data provided by IMD. “In the case of Malaysia, there is a significant decline in the quality of the technological framework, specifically with regards to communications technology and Internet bandwith speed,” Bris said. The Philippines meanwhile, experienced the largest drop in Southeast Asia, from 46th to 56th place due to declines in