A new research report produced by Google and Temasek is forecasting Southeast Asia's internet economy to grow to about $US200 billion by 2025, from $US31 billion last year, spearheaded by the e-commerce, leisure travel, and online gaming and digital advertisements sectors. It says that, to realize these opportunities, the region needs an injection of up to $US50 billion worth of investments over the next 10 years.

Read more: Strong growth tipped for SE Asia's internet economy

The US Government's development finance institution, the Overseas Private Investment Corporation (OPIC), has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar to fund the rollout of its mobile tower network. It is OPIC's first financing in Myanmar.

Read more: US Overseas Private Investment Corporation pumps $250m into Myanmar mobile tower company

Inmarsat says a survey of airline passengers worldwide, commissioned from GfK, shows soaring demand for in-flight broadband in Asia Pacific, with nine out of ten respondents from the region saying the availability of onboard connectivity would influence their choice of airline and over two thirds willing to pay for the service.

Read more: Asia Pacific airline passenger eager for in-flight broadband

Ahead of CommunicAsia2016 held in Singapore, the island nation's Minister for Communications and Information, Dr. Yaacob Ibrahim, spoke at the Infocomm Media Business Exchange's Ministerial Forum on ICT on Monday. He talked about all of the progress that Singapore has made as a '˜Smart Nation' which will include the world's first data centers designed to cater to tropical climates.

Read more: CommunicAsia's host Singapore continues to impress as a Smart Nation

The Asia ICT Innovation Forum was held in conjunction with CommunicAsia2016. At the Forum organized by Singapore Exhibition Services and Huawei as the strategic partner, attended by over 500 regional ministerial representatives, internationally renowned economists and global industry thought leaders and professionals, Huawei outlined its roadmap to accelerate ICT transformation to enable more people in Asia Pacific to reap the benefits of ICT and move toward a better connected world.

Read more: Huawei outlined its roadmap to accelerate ICT transformation at the Asia ICT Innovation Forum

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