US-ASEAN Business Council and Google Organize Singapore and Washington, DC Launch Events for “e-Conomy Southeast Asia 2021” Report

Washington, DC (December 2, 2021) – Marking the publication of the “e-Conomy Southeast Asia 2021” Report, the US-ASEAN Business Council (US-ABC) and Google convened key U.S. and Southeast Asian policymakers, academics, and private sector representatives to discuss the incredible opportunities of ASEAN’s internet economy during a regional webinar on December 1 and an in-person launch event in Washington, DC on December 2. Commissioned by Google, Temasek, and Bain & Company, the Report offers key insights and analysis on Southeast Asia’s vibrant digital economy across the region’s six largest economies: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

“We’re very optimistic about the growth of Southeast Asia’s digital economy, where more than 60 million new digital consumers have come online since the start of the pandemic,” said Karan Bhatia, Vice President of Government Affairs and Public Policy at Google. “To ensure this growth benefits as many people as possible, we need to focus on the right priorities. That includes creating sound regulatory frameworks, investing in digital infrastructure, training workers on high-tech skills, and ensuring the free flow of information across borders.”

“With over 380 million people under the age of 35, Southeast Asia’s young, tech-savvy population continues to fuel the tremendous growth of its internet economy, which is projected to reach $1 trillion by 2030,” said US-ABC President & CEO Amb. Ted Osius. “However, ASEAN needs to make sure it uses the right keys to unlock this incredible potential. Smart, harmonized policies that promote digital inclusivity and human capital development across the region will help make these numbers become reality.”

Edgard Kagan, the White House National Security Council’s Senior Director for East Asia and Oceania, delivered keynote remarks during the Report’s in-person launch event in Washington, DC on December 2.
The Administration has made clear in its first year that the United States is committed to deepening engagement in the Indo-Pacific. As part of that commitment, we will continue to work with our allies and partners to develop an economic framework in the region that will benefit the business, workers and consumers that rely on e-commerce,” said Kagan. Senior representatives from all ten ASEAN member state embassies in the United States also provided commentary moderated by Murray Hiebert, Senior Associate, Southeast Asia Program at the Center for Strategic and International Studies (CSIS).

At the regional webinar on December 1, H.E. Satvinder Singh, Deputy Secretary General for the ASEAN Economic Community, offered remarks on ASEAN’s digital promise. “The ASEAN Secretariat recognizes the importance of the e-Conomy report as an important source to inform us of emerging digitalization trends in the region,” said Deputy Secretary General Singh. “In this context, I want to assure that ASEAN as a single economy community is committed to building an enabling environment for this dynamic growth of the ASEAN digital economy, evidenced by major digital transformation initiative, including the recently endorsed Bandar Seri Begawan Roadmap for digital economy integration.”

Both events featured a presentation on the Report’s key findings from industry experts, including Stephanie Davis, Google’s Vice President for Southeast and South Asia APAC; Nuno Neves, Google’s Regional Head of Strategy, Insights and Data for ASEAN Market; Fock Wai Hoong, Temasek’s Managing Director for Investments Southeast Asia and Technology, Media and Telco; Aadarsh Baijal, the leader of Bain & Company’s Southeast Asia Digital Practice; and Florian Hoppe, the head of Bain & Company’s Asia-Pacific Digital Practice.

The report can be accessed here.


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Since 1984, the US-ASEAN Business Council has been the premier advocacy organization for U.S. corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's membership of nearly 170 companies generates almost US$7 trillion in revenue and employs more than 14.5 million people.  Today our members include the largest U.S. companies conducting business in ASEAN and range from newcomers to the region to companies that have been working in Southeast Asia for more than 100 years. The Council has nine offices around the globe, in Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; Singapore; and Yangon, Myanmar.