Singaporeans spent an estimated S$34 billion on international travel in 2018. Photo: AFP
Singaporeans spent an estimated S$34 billion on international travel in 2018. Photo: AFP
Singapore

Singapore digital economy reels from travel crash amid Southeast Asian boom

  • Its digital economy shrank 24 per cent this year as some neighbours saw double-digit growth, says a report by Google, Temasek, and Bain & Company
  • However, the decline is ‘short term’ and Singapore has an ‘important role’ in driving the next phase of growth in the region’s internet economy, the report says

Topic |   Singapore
Singaporeans spent an estimated S$34 billion on international travel in 2018. Photo: AFP
Singaporeans spent an estimated S$34 billion on international travel in 2018. Photo: AFP
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