Despite global headwinds impeding development, Southeast Asia’s digital economy remains an investment “hotbed”
According to an industry assessment, Southeast Asia remains a “hotbed” for investments despite the fact that investors have been more cautious in the previous year due to challenging macroeconomic circumstances.Â
Global venture capitalists invested $13.2 billion (S$19 billion) in the first half of this year, a 13% increase from the same time in 2021, according to information from Google, Singapore’s state investor Temasek, and management consulting firm Bain.
Temasek’s vice head of technology and consumer, Fock Wai Hoong, said that Indonesia’s enormous market continued to provide several investment prospects.
Singapore’s prompt reopening of its borders has attracted capital and talent, according to Hoppe, whereas Hong Kong, one of the few countries that has stuck to a zero-Covid approach, is “still very difficult to reach and not as pleasant on the ground.”