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The future of digital investment
published : 20 Jul 2021 at 04:00
The year of Covid was also the year that technology proved itself to be indispensable in people s daily lives in Southeast Asia.
It kept locked-down consumers connected and entertained. It helped sustain businesses. It kept people supplied with deliveries of food and other essential goods. It maintained their health with online doctor appointments and kept them educated with online classes. On average, Southeast Asians spent an hour more a day on the Internet during pandemic-imposed lockdowns. Forty million new Internet users were added in Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam last year, giving the region 400 million users, with 70% of Southeast Asia online, according to research conducted by Bain & Company, Google and Temasek.