SINGAPORE -- Southeast Asian digital tech companies are boosting their profitability after having to rethink their growth-at-all-cost strategies with the end of the pandemic boom, a new industry report showed Tuesday.
In an annual study by Google, Singapore state investor Temasek Holdings and U.S. consultancy Bain & Co., the region's e-commerce, online travel, on-demand transportation and food delivery and other related services are expected to generate a total EBITDA (earnings before interest, taxes, depreciation and amortization) of $11 billion in 2024, up from $9 billion last year and $4 billion in 2022.
