Tourist arrivals in Japan are expected to fully recover by 2024, with growth driven by an expanding source market and marketing campaigns, although overtourism could be a concern. Key View: Over 2024, we project tourist arrivals to Japan to fully recover to pre-Covid levels in 2019, building on a gradual rebound between 2022-2023. Over the […]
Thailand’s medical device market is projected to grow by a 6.9% CAGR in local currency terms, driven by strong import growth and government initiatives to promote medical tourism and digital health technologies. Key View We have revised up our forecast compound annual growth rate (CAGR) for Thailand’s medical device market in local currency terms. Thailand’s […]
Vietnam has lifted the 49% foreign ownership cap in the data centre market, allowing full foreign investment. This aims to attract global investors and support Vietnam’s AI ambitions. Key View Vietnam has liberalised its data centre market by lifting the previous 49% foreign ownership cap, enabling full foreign investment in data centres, as per the […]
Singapore’s economy grew by 2.9% y-o-y in Q2 2024, surpassing forecasts. Manufacturing drove growth, prompting a revision of the 2024 growth forecast from 2.0% to 2.6%. Major economies are expected to remain resilient in 2025, supporting Singapore’s stable growth rate of 2.4%. Key View Advance estimates showed that Singapore’s economy grew by 2.9% y-o-y in […]
Thailand’s vehicle sales outlook for 2024 is negative due to stricter loan requirements and slow economic growth. The pick-up truck segment will be most affected by tougher lending criteria. Key View Our short-term outlook for vehicle sales in Thailand has turned negative as stricter loan requirements and sluggish economic growth weigh on vehicle sales in […]
Hong Kong’s personal care market is projected to grow steadily from 2024 to 2028 driven by high disposable incomes of local and expat consumers. Trends include a focus on personal appearance, organic products, and the rise of online sales. Key View: Hong Kong, China’s personal care and effects market is set for steady growth from […]
Tourist arrivals in the Philippines were up 21.3% in Q1 2024 compared to the previous year, with South Korea being the top source market. Forecast predicts continued growth, reaching 9.4 million arrivals by 2028. The Latest: The most recent data by the Philippines Department of Tourism in April 2024 indicate that the market had 1.6mn tourist […]
Expect Prime Minister Narendra Modi and BJP to win third term. Positive for healthcare sector, focus on bulk drug manufacturing and improving quality of medicines. Opposition weakened, Modi’s re-election likely. Key View We expect India’s ruling Bharatiya Janata Party and, by extension, Prime Minister Narendra Modi, to secure a third consecutive five-year term in government […]