While Southeast Asia continues to see a boom in its digital economy, Singapore recorded a stark contraction this year, according to a new report, primarily due to the decline in online travel as the coronavirus pandemic kept international borders shut and brought the world to a standstill.The city state’s digital economy shrunk by 24 per cent, bringing in US$9 billion in gross merchandise value, down from the US$12 billion last year. Conversely, other economies in the region, such as Indonesia…


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