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Business trends

Southeast Asia's 5G rollout to boost suppliers in 2020

Growing spending power in region underpins consumer and service sectors

The demand for 5G compatible smartphones will be a boon for Samsung Electronics and chipmaker SK Hynix in particular, according to one analyst.   © Reuters

SINGAPORE -- The Asian economy in the new year will be marked by 5G networks in Southeast Asia lifting the earnings of top telecommunications suppliers, according to outlooks by regional market analysts.

Singapore and Thailand are due to launch 5G services in 2020, which comes on the heels of 5G debuts in South Korea and China in 2019.

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