Small and medium enterprises (SMEs) in the Philippines and five other countries in Southeast Asia are looking at investing more in current technologies within the next three years as the key enabler to drive new business propositions and deliver on enhanced offering,a study released by SGV & Co. and Ernst & Young (EY) showed.

The “Redesigning for the digital economy” report, which involves 370 mid-market SMEs with annual global revenues of between $20 million and $500 million in the Philippines, Indonesia, Malaysia, Singapore, Thailand, and Vietnam, revealed that current technologies are the investment priority for this year.