
THE high Internet and mobile penetration in Southeast Asia is something startups can look forward to, especially with the region getting ready to integrate its economy. At the second Geeks on A Beach conference yesterday, industry insiders believe Southeast Asia is the right place to be and the ecosystems are ripe for startups. Mon Ibrahim, Deputy Executive Director of the Department of Science and Technology’s Information and Communications Technology Office, cited that Asean is expected to be the ninth largest global economy by 2020 and the increasing economic health of these nations will lead to a steady rise in disposable income, which includes a rise in digital usage. Internet everywhere He also noted that these days, handsets are becoming more affordable while Internet connectivity is becoming more accessible, with establishments offering free WiFi for customers and governments recognizing the growth potential of areas that have reliable Internet connections. Ibrahim said that Asean is already a global leader in digital adaption, with the population of Singapore and Malaysia already 95 percent online while the global average is 85 percent. As for mobile penetration, even the less developed Indonesia, Thailand, Philippines and Vietnam have a higher penetration of 90 percent than the global rate of 80 percent. From 2010 to 2020, Ibrahim said the region will have 194 million new Internet users, 91 million of them will be from Indonesia alone. GDP link Ibrahim said governments have taken stock of a World Bank report concluding a one percent rise in GDP for Read More …