US President Trump has made a clear statement about US not subsidising the rest of the world, and imposing tariffs on its trade partners. We also see US and UK companies increase their investments in Asia bypassing tariffs.
Without the backing of political relations, will US companies finally look at increasing local relevance rather than exporting US based designs and R&D?
Especially in the digital and security space where US companies dominate, we are seeing intra regional trade, ASEAN, India-China, China-Korea and Europe-Asia Pacific as engines of growth.
These are some areas to watch out, especially in Digital innovation and the disruptive stress it brings, we see growth in the beauty/wellness/ entertainment sector, food security, cybersecurity and the financial sector that fuels these disruption!
- Industry 4.0
Urban Solutions and Infrastructure
Companies investing in Digital Innovation Lab in Singapore
- Beauty/ Wellness area
Luxury brands driven by Milinieals
Globally, the average age of people buying Porsches is 56, according to Dong Tao, a prominent economist with Credit Suisse. In China, the average buyer is just 36. Nikkei
- Digital entertainment
Major brands spend 40-50% on digital marketing in China
- Digital Finance
- Asia Pacific Hub
Organisation Development and Learning
What Singapore lacks in space and scale, its assets are density, connectivity and location between East and West, hub to East Asia and South East Asia. Singapore is an excellent test bed and pilot for new technology.
Singapore has been an early supporter of the BRI. Nearly a third of China’s total outbound investments to BRI countries flows through Singapore; while Singapore’s investments in China also account for 85 per cent of total inbound investments from BRI countries. ST
- What are some trends shaping your industry?
Southeast Asia: An Emerging Market With Booming Digital Growth