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Hoong - 2 Carlina - 1 Chadha - 1 Fock - 1 CNBC's JP Ong - 1
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4 mentions found


☆ Southeast Asia's digital economy – from e-commerce to online media – is set to hit $218 billion in 2023, report shows
  + stars: | 2023-11-01 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
The yearly report analyzed the five main sectors of Southeast Asia's digital economy – e-commerce, travel, food and transport, online media and digital financial services. The report also revealed revenue in Southeast Asia's digital economy is expected to hit $100 billion this year, growing 1.7 times as fast as the region's total transaction value. "Southeast Asia's digital economy is really in the midst of an unprecedented pivot towards profitability. Despite investors being pickier, "dry powder" increased to $15.7 billion at the end of 2022, up from $12.4 billion in 2021. "This shows that there is fuel available to propel Southeast Asia's digital economy to the next stage of growth," the report said.
Persons: Carlina, Hoong, Chadha, Fock, CNBC's JP Ong Organizations: Google, Temasek, Bain & Company, Companies Locations: Asia, Southeast, Southeast Asia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Myanmar, East Timor, Papua New Guinea
☆ Firms are realizing that growth at all costs isn't the best: Temasek
  + stars: | 2023-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGood news is that companies are realizing that growth at all costs isn't the best way: TemasekFock Wai Hoong, head of Southeast Asia at Temasek, discusses the state of private funding in the region.
Persons: Hoong Organizations: Temasek Locations: Temasek, Southeast Asia
☆ Southeast Asia's digital economy could reach $200 billion in gross merchandise value in 2022: Report
  + stars: | 2022-10-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoutheast Asia's digital economy could reach $200 billion in gross merchandise value in 2022: ReportStephanie Davis, vice president of Google Southeast Asia, and Temasek's technology and consumer deputy head Fock Wai Hoong, discuss the findings from a new report by Google, Temasek, and Bain and Company.
☆ Southeast Asia internet economy forecast cut on economic headwinds
  + stars: | 2022-10-27 | by ( Chen Lin | ) www.reuters.com   time to read: +3 min
REUTERS/Pascal Rossignol/File PhotoSINGAPORE, Oct 27 (Reuters) - Southeast Asia's internet economy is expected to be worth $330 billion by 2025, though this a downgrade from a previous forecast due to economic uncertainty and more pressure on tech companies to make a profit, an industry report said on Thursday. "Amidst global macroeconomic headwinds, reduced disposable income, sky-rocketing prices, and lower product availability, there is tapering of demand from Southeast Asia consumers," the trio said in a joint release. The region of 11 countries is one of the world's fastest growing internet markets, due to a young population, widespread smartphone usage and urbanisation, and a growing middle class. All six countries are expected to post double-digit growth between now and 2025, with Vietnam having the fastest growing digital economy this year at 28%. "Universally investors generally expect deal activity to recover from 2024 onwards," said Fock Wai Hoong, Deputy Head of Technology & Consumer and Southeast Asia at Temasek.
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