Viettel and Singtel are partnering to deploy a subsea cable connecting Vietnam and Singapore, enhancing Vietnam’s bandwidth capacity. This will support the country’s goal of becoming a data center hub. Vietnam is expected to see significant growth in cloud computing spending, with the new cable likely to attract international investment in data centers. Latest Development: Viettel […]
On February 21, 2024, Aleph Farms partnered with BBGI and Fermbox Bio to establish Thailand’s first cellular agriculture plant for cultivated meat production, marking a significant step in advancing synthetic biology. The Latest: On February 21 2024, the Israel-based cultivated proteins company Aleph Farms announced a partnership with Thailand-based bio-based products manufacturer BBGI and India-based […]
Pfizer partners with NIPER Ahmedabad to support healthcare startups in India, enhancing innovation in the pharmaceutical sector. This collaboration aims to boost India’s pharmaceutical market growth and support startups in product development. The Latest: On February 26 2024, Pfizer took a significant step to foster innovation in India’s burgeoning startup ecosystem, particularly in the healthcare […]
Q4 2023 GDP grew 8.4% y-o-y based on expenditure data, but 6.5% based on production data. We predict a slow economy in the upcoming quarters due to prolonged Red Sea disruptions. Key View The economy grew by 8.4% y-o-y in Q4 2023 according to expenditure data but production data show a 6.5% rise in GDP […]
Global wind power sector growth driven by technology advancements. Strong market growth expected in South Korea and Japan. Anticipate further sector development over next decade. Key View Development in the global wind power sector has accelerated in the past decade, with technology and efficiency advancements supporting strong wind power market growth. We believe these technology […]
Indonesia’s current account deficit is forecasted to widen from 0.1% of GDP in 2023 to 1.2% in 2024 due to a weaker global economy and plateauing commodity exports. Key View Indonesia’s current account will likely remain in a deficit in 024. We forecast the shortfall to widen from 0.1% of GDP in 2023 to 1.1% […]
India’s consumer spending outlook for 2024 is positive as the economy recovers. High-frequency data shows consumer confidence returning to pre-Covid levels, supporting household spending despite inflation risks. Key View: We hold a positive outlook for consumer spending in India over 2024, as the wider Indian economy recovers and growth figures return to a more stable medium-term […]
On March 5, 2024, Flipkart invested $54mn in its subsidiary Myntra, an India-based fashion e-commerce platform. This follows a previous investment of $105mn in March 2023, supported by Walmart. The Latest: On March 5 2024, the India-based e-commerce giant Flipkart announced a USD54mn investment into Myntra, an India-based fashion e-commerce platform, a subsidiary company of […]