With one of the most developed digital economy in the region, Malaysia is a key country for startups in Southeast Asia. With a maturing startup eco-system, Malaysia is home to an ever-growing number of companies that aim at developing a solid base of operations there before expanding abroad.
Southeast Asia is experiencing a rapid growth of Internet, digital, social media and mobile activity. With more than 370 million Internet users in January 2018 and double-digit growth in most segments and most countries of the region, the digital sector is booming and attracting a lot of interests.
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.
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.
Through e-commerce, online travel booking or media, digital business is currently attracting a lot of interest in Southeast Asia. Set to grow to a total market size of US$ 200 Billion by 2025, the digital economy will expand through a host of startups that launch new technologies in the region’s most promising countries.
With a mix of emerging and mature segments in the entertainment and media landscape of Malaysia, the industry is experiencing a shift in consumers’ habits and advertising spending. The rise of Internet and digital media brings challenges to the dominant newspapers and TV but also opportunities to seize.
To enhance the development of strategic industries in Thailand’s different regions, the Thai authorities have launched a series of policies to attract target businesses. With clusters for several sectors and throughout the country, incentives have been planned to promote industries in areas that present specific advantages.
Though some countries present a better outlook than others, Southeast Asia is a very attractive region for real estate. Strong economic fundamentals, demographic dynamism, changing behaviors and the digital revolution bring new opportunities for various actors involved in the real estate sector.
After several troublesome years, Thailand is undergoing a wave of political and economic reforms aimed for the long term. At the heart of this economic transformation, some innovating approaches are leading the way towards a sustainable future for Thailand in some key industries: digital technologies, bioplastics and energy.
With a growing population and personal disposable income, the healthcare sector is looking very attractive in Southeast Asia. Healthcare expenditure is still low but steadily growing, and though the quality of services provided is uneven between the different countries, it is also improving throughout the region.