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Overview

Expansion of health care provision is boosting demand for local and imported pharmaceuticals
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In recent decades, the pharmaceutical market has expanded its geographic reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by 2018. Even in the most newly opened markets, drug companies…
Economic News

The challenges and opportunities facing Thailand’s industrial sector

Thailand’s manufacturing sector has received a boost following new investment in automotive production; however, fragile domestic demand, a widening skills gap and cooling export demand pose challenges to the broader industrial sector. In January Toyota Motor Thailand announced that it had submitted two applications to the country’s Board of Investment (BOI) for the manufacture of hybrid electric…
Event

LNG And Natural Gas For Power And Industries Thailand Forum 2019

As part of optimizing LNG and LPG trade in Asia event theme, which is endorsed and supported by Prime Minister Office and Ministry of Energy Thailand, the upcoming LNG and Natural Gas For Power And Industries Thailand Forum 2019 and is a neutral one stop business matching and deal making platform for LNG and Natural gas in Thailand, especially for power generation and industries. This…
Economic View

Don Pramudwinai, Minister of Foreign Affairs

On enhancing domestic business and international trade partnerships What more can APEC do to promote the development of micro-, small and medium-sized enterprises (MSMEs) in the region? DON PRAMUDWINAI: APEC is a forum for members to learn and benefit from each other’s experiences and expertise, including being a dynamic platform that serves as an incubator of ideas for deeper regional economic…
Economic View

Allard Nooy, CEO, InfraCo Asia

On financial and regulatory support for renewable energy projects in Asia What obstacles must be overcome for Asia to meet its long-term energy needs through renewables? ALLARD NOOY: In Asia, 45% of all projects – and even more in the infrastructure space and, more importantly to us, in the renewable energy space – are either marginally bankable or not bankable at all. This is due, in part,…
Economic News

Thailand: Year in Review 2018

Increasing levels of private consumption and investment, backed by the government’s infrastructure programmes, helped Thailand’s economy expand in 2018, although a decline in external demand and lower tourism receipts are expected to dampen full-year growth. After a strong start to the year, which saw the economy expand by 4.9% and 4.6% year-on-year (y-o-y) in the first and second quarters,…
Economic News

New investment to drive growth in Thailand’s e-commerce market

High rates of digital banking growth and an increase in online transactions have coincided with new investment in Thailand’s e-commerce segment, with online shopping market share expected to treble within five years. In late September Thai retailer Central Group formally launched a new e-commerce joint venture with Chinese company JD.com. The $500m JD Central development, which opened to the…
Economic View

Seth Tan Keng Hwee, Executive Director of Infrastructure Asia

On addressing the infrastructure deficit in emerging Asia How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road? SETH TAN KENG HWEE: I think the Belt and Road Initiative identifies a very large need when it comes to infrastructure. The market really needs infrastructure, but I think our cooperation would have to be case-specific. We…
Event

Powermax 2018

Indonesia's power sector continues to offer enormous growth potential as well as significant development challenges. The country has committed to ambitious energy targets which will see installed capacity and total generation expand rapidly over the next decade. Powermax 2018 is staged to compliment the National Energy supply Agency (Badan Pengelola Energi Nasional) policy of actualizing nationwide…
Economic Roundups

Can the creative industries of ASEAN make waves?

Strolling through Bonifacio Global City on a sunny Saturday, it is easy to spot the groups of smiley teenagers self-learning slick K-Pop dance moves in the shadows of gilded skyscrapers and leafy parks. This joyful scene in a privileged enclave of Metro Manila is replicated every weekend across the sprawling cities of South-east Asia, as teens continue to ride the seemingly unstoppable “Korean Wave”.…