Tech change brings wave of opportunities

Number of Internet users in S-E Asia up by 100 million over past four years; region's Web economy projected to triple current size by 2025

Published Sun, Jan 19, 2020 · 09:50 PM

Asean

Singapore

AS COMPANIES turn to technology to improve their operational efficiency and better serve their customers, South-east Asia offers new opportunities for Singapore firms looking to expand in the region.

According to the Singapore Business Federation's National Business Survey 2019/2020, 76 per cent of firms which indicated they intend to expand were keen to venture into the Asean region, similar to 2018/2019 levels.

The top three destinations in the 2019/2020 survey were Vietnam, Indonesia and Malaysia.

Rising interest in the region comes amid rapid technological advancement which is quickly transforming the way consumers behave.

Over the past four years, the number of Internet users in South-east Asia has increased by 100 million, according to a report on South-east As…