Hong Kong, China is set to become a key hub for clinical trials, boosting its pharmaceutical market. The opening of the Greater Bay Area International Clinical Trial Institute will attract multinational companies and drive market growth. Regulatory reforms and a supportive ecosystem enhance Hong Kong’s appeal for research, leading to economic growth and improved healthcare […]
Mainland China’s growing jet fuel market presents opportunities for Sustainable Aviation Fuel (SAF) market growth. China is investing in SAF production to reduce carbon emissions and meet international standards, driving innovation and economic growth. Key View Mainland China’s growing jet fuel market offers significant potential for the demand and growth of the Sustainable Aviation Fuel […]
Thailand’s Euro-5 diesel mandate will drive investments in fuel upgrading projects, changing supply-demand patterns. The switch to low-sulfur diesel aims to reduce air pollution and position Thailand as a net exporter of clean fuel. Regulatory incentives and public campaigns support the transition to cleaner fuel options, aligning with global environmental goals. Key View Thailand’s nationwide […]
Japan’s real GDP grew by 0.2% q-o-q, slightly higher than expected. Forecast remains at 0.6% for 2024 and 1.0% for 2025 supported by private consumption and exports growth. Key View Preliminary data show that Japan’s real GDP increased by 0.2% q-o-q (annualised 0.9%), slightly stronger than our estimate of 0.1% q-o-q. We maintain our 0.6% […]
Empyrion Digital is expanding operations in Bangkok, Thailand to become a digital hub. Thailand’s data center market is growing rapidly due to increasing internet usage and the push for a digital economy. Thailand is strategically located in Southeast Asia, attracting data center investments and spillover demand from neighboring markets. The country’s government and private sectors […]
Trump’s victory may impact Vietnam’s export-driven growth due to potential tariff hikes. Vietnam aims to balance ties with the US and China to protect its growth model. Key View Trump’s victory will cast a shadow on Vietnam’s export-driven growth path, particularly if tariffs are hiked. In response, we think Vietnam will try and maintain the […]
Thailand’s natural gas consumption will be driven by the power sector in the long term. Despite efforts to diversify energy sources, the country’s demand for natural gas remains high due to economic growth. Investments in renewable energy are increasing to reduce dependency on natural gas and combat climate change, but there are challenges in transitioning […]
Revised forecast predicts 2024 current account surplus due to strong tourism and remittance growth in Sri Lanka. 2025 deficit expected with increased consumption and imports, with oil price rise as major risk. Key View We have revised our current account forecast to a surplus of 1.9% of GDP for 2024, from a deficit of 1.8% […]