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If the political polarisation and social turbulence of the last few years have got you down, read some of the recent reports on Southeast Asia and Indonesia’s economic prospects by top management consulting irms like Bain & Company and the Asian Financial Forum and you’ll suddenly feel a whole lot more optimistic. Bain says Southeast Asia’s investment ecosystem is doing very nicely, thank you. The irm expects that by 2024, the region will give rise to at least 10 new “unicorns” with a market value of more than U$1 billion each. Venture capital and private equity investment in Southeast Asia has soared to record levels as scores of new investors pour into the region. Technology companies have attracted the bulk of new private equity capital since 2014. The region has produced its irst set of unicorns, such as Grab, GoJek and Traveloka.

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