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 […]
Five pharmaceutical companies in China signed a deal with Envision Energy to purchase renewable energy for manufacturing facilities, aiming to reduce emissions and encourage sustainability in the global healthcare industry. The agreement will save 120,000 tons of carbon dioxide-equivalent emissions per year and lead to the development of a roadmap for a sustainable healthcare system […]
Australia-Mainland China relations improving with increased trade ties, but limited potential for further warming due to negative Australian perceptions of China and security concerns. Australia diversifying trade to reduce tensions. Key View Australia-Mainland China relations have improved as both nations rekindle their trade ties. However, there is limited scope for ties to warm further – […]
Consumer spending in Hong Kong, China is expected to slow down but remain positive in 2024. Base effects from border reopenings will stabilize spending growth over the medium term. Inflation, labor market, and debt servicing will also contribute to a positive outlook. Key View: Despite a forecasted deceleration, we hold a positive outlook for consumer spending […]
Axiata Group is exploring selling part or all of its interest in Indonesian broadband and cable-TV subsidiary, Link Net, to raise funds. The Group is actively pursuing asset divestment and consolidation in Southeast Asia. The potential merger of Smartfren and XL Axiata would create a stronger competitor in the Indonesian mobile market. Latest Development: Reportedly, […]
Pharmaceutical companies in Mainland China, including Roche and Sinopharm, are increasing production of respiratory illness treatments in response to a surge in demand. This includes stockpiling raw materials, ramping up manufacturing, and enhancing distribution networks. Future strategies may involve diversified raw material sources and more responsive logistics systems. Increased competition from international drugmakers is expected, […]
The Monetary Authority of Singapore kept policy settings unchanged in January. With a 1% increase in GST, inflation is expected to remain elevated in the near term. Key View The Monetary Authority of Singapore left policy settings unchanged at its January meeting. We expect the central bank to stand pat again in April given that […]
Vietnam’s EV charging network will be supported by local and national governments as EV adoption increases, especially for taxis and private consumers, from 2024-2028. Key View: We believe that local and national governments will move to support the development of Vietnam’s passenger EV-focused charging network over 2024-2028, as local EV adoption continues and Vietnam’s taxi fleets […]