Company: NUTR
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024295
Chunk: 84

Company: NUSATRIP Inc
Filing Date: 2025-08-15
Form: 424B3
Chunk 84
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 will grow from 654 million in 2018 to 726 million in 2030. At a size of half the Chinese population, this will be a massive market that the world cannot ignore. Second, the United Nations forecast predicts that ASEAN’s urbanisation rate will increase strongly from 49 per cent in 2018 to 56 per cent in 2030, and further to 66 per cent by 2050. Third, Asean’s participation in the Regional Comprehensive Economic Partnership (RCEP) – the world’s largest trade agreement – will bring about a virtuous cycle of global investment and talent flows into this region. This will inject fresh assets under management (AUM), create new ASEAN wealth, and enlarge the wealth management pie. 15

The mobile and Internet economy continues to boom in SEA. According to Google Temasek e-Conomy SEA 2024 Report, SEA Internet usage increased with 252 million new users added in 2024 for a total of 612 million compared to 360 million in 2019. 16Seventy percent of SEA’s 685 million people is now online, compared to approximately just twenty percent in 2009. In addition, SEA mobile Internet penetration now reaches more than 67%. E-commerce, online media and food delivery adoption and usage surged with the total value of goods and services sold via the Internet, or gross merchandise value (“GMV”). SEA GMV is expected to reach more US$263 billion in 2024, growing 15% year on year. In fact, the SEA Internet sector GMV is forecast to grow to over US$300 billion by 2025. 17SEA’s digital adoption is nearing full adoption among digital users in urban SEA and reaching 94% penetration rate for e-commerce in the region.

13 See ASEAN (2024). ASEAN Matters: Epicentrum Of Growth.

14 See Worldometer (2024). South-Eastern Asia Population.

15 See Statista (2024). Share of middle-income class in overall population in the ASEAN, with a forecast for 2030.

16 See Google, Temasek and Bain & Company (2024). e-Conomy SEA 2024.

17 Ibid.

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The aviation sector has outperformed expectations with a stronger than expected rebound, to now exceed pre-pandemic levels. While this is true across the region, a significant proportion of gross travel bookings (GTB) growth is coming from increased airfares