Empowering business in Southeast Asia
As an advanced city-state, Singapore has a unique opportunity to push forward in technologies and new practices of urban planning, transport, energy and utilities. Explaining the implementation of various methods in daily life of Singaporeans, this video shows how the Red Dot is becoming a global leading “Smart City”.
Though expectations were high, the growth of Southeast Asia’s digital economy is beating them all. With more than 330 million internet users and double or triple digits growth in several major markets online, the region is confirming the digital boom with the emergence of a first round of local unicorns.
Indonesia has the largest population in Southeast Asia, by far, and an e-commerce penetration that is still very low, making it one of the hottest e-commerce markets in the world. Attracting both global and local companies’ interests, Indonesia now has a fast-growing e-commerce scene poised to become a global powerhouse.
As for many other industries, the development of technology is transforming the insurance industry. With sensors incorporated in wearable gadgets, built in cars or installed in houses, individuals’ health and behaviors can be tracked in real-time through a vast array of data that is now integrated into new risk modeling.
With the spread of mobile devices in Indonesia, ways of consulting and consuming news are changing rapidly. Through new online media, Indonesians from all age groups and socioeconomic categories are adapting their behaviors and engaging into new ways to get informed and entertained.
One of the most dynamic countries online in Southeast Asia, Malaysia is a very attractive market for e-commerce. A middle-income country with a digital population of more than 20 million people, Malaysia attracts appetites both from local and global companies interested in grabbing a share of its e-commerce market.
The Philippines has a large population and the particularity of an important community of overseas workers. Together they make the Philippines a particularly attractive market for financial technologies – FinTech – companies, be they startups or large companies, engaging to conquer already dynamic markets.
Ride-hailing applications are weighing a fierce battle in Indonesia to conquer its large and promising market. Competing against global and regional giants, the local application Go-Jek has found a way to seduce an important base of users and secure large funding to fuel its diversified growth in hyper-local services.
With its advanced economy, highly skilled workforce and an ambitious development plan for the coming years, Singapore defines itself as a “Smart City”. This unique positioning in the region takes many forms, one of them is the introduction of autonomous taxis that are already being tested for an upcoming implementation.
The Philippines’ information technology and business process outsourcing (IT-BPO) industry is a driving force in the country’s economy. After having been booming for years, it is still expanding in different key cities. Thanks to its highly diversified and competitive offer, the sector is one of the most dynamic in the Philippines.