Bank Indonesia is expected to cut interest rates to 6.00% this year, likely after President Prabowo’s assumption of office in October and a possible second US Federal Reserve rate cut. Policymakers remain cautious despite meeting conditions for easing, with a potential rate cut in December to stimulate economic growth amid global uncertainties following the COVID-19 […]
India’s GDP growth slowed to 6.7% in Q1FY2024/25 due to statistical discrepancies. Private consumption is rebounding, and strong consumer and external demand are expected to push growth to 7.0% for the fiscal year. Despite challenges, India is on track to achieve 7% growth in 2023, with signs of resilience in consumer spending, agriculture, technology, and […]
Malaysia’s medical device market is expected to grow faster than regional peers due to factors like government support, increasing healthcare expenditure, and modernization of healthcare facilities. Key drivers include rising chronic diseases and government health spending. The market benefits from tax incentives, streamlined regulations, and a growing private healthcare sector. Malaysia’s commitment to healthcare infrastructure […]
Prime Minister Fumio Kishida announced his resignation in September, not seeking re-election as the leader of Japan’s ruling Liberal Democratic Party due to recent corruption scandals. This move sets the stage for a new prime minister, likely to maintain policy continuity. The Latest: Prime Minister Fumio Kishida announced on August 14 that he will step down […]
Japan’s refining industry faces challenges from declining domestic fuel consumption and global decarbonization trends. Refiners are expected to optimize production and venture into low-carbon businesses to adapt. Key View Japan’s refining industry is facing increasing challenges due to a steady decline in domestic fuel consumption and accelerating energy transition initiatives. We expect to see fundamental […]
Vietnam’s medical device market is expected to return to growth in 2024 following a slowdown in 2023. Government regulations and multinational investments in private healthcare will strengthen the market. International healthcare investments are fueling growth, with the government implementing policies to attract foreign investment and improve healthcare standards. Vietnam’s aging population and rising chronic diseases […]
In August 2024, Tuan Sing and Mitsubishi Estate Group opened Indonesia’s largest outlet mall in Karawang. It targets the middle class with international and local brands at discounted prices, highlighting Indonesia’s economic growth. The Latest: In August 2024, Tuan Sing, one of Indonesia’s leading property developer, announced the opening of The Grand Outlet-East shopping mall, […]
Indonesia’s pharmaceutical market offers growth opportunities for multinational companies, with Novo Nordisk partnering with Bio Farma to package insulin locally. Collaboration and investments in healthcare infrastructure drive industry expansion. Key View Indonesia’s pharmaceutical market will continue to represent a high-growth opportunity for multinational drugmakers. Bolstering domestic pharmaceutical production will bode well for Indonesia’s export potential. […]