While the growth rate of the economy is expected to decline marginally at a compound annual growth rate or CAGR of 6.7% by 2020, healthcare expenditure is expected to grow to USD 22.7 billion by 2021 at a CAGR of approximately 12.5% from 2017 to 2021
With a population of around 97 million, Vietnam is the third most populous country in South East Asia after Indonesia and Philippines. The country transformed from one of the world’s poorest nations to a developing country over the past few decades and is now on its way to become a middle-income, industrialized country in the coming years.
According to Pinterest UK, in early 2018, searches for ‘modest fashion’ increased by 500% , around the time of London’s first Modest Fashion Week. Modest fashion has gained tremendous public attention. Many popular magazines, such as Vogue and Forbes, have invested in the modest fashion market. According to the Los Angeles Times, the global apparel market is valued at USD3 trillion and according to the report of State of the Global Islamic Economy by Thomson Reuters, Muslim consumers are expected to spend more than USD368 billion on fashion by 2021. How far will the modest wear trend go?
Asia’s gaming market is evolving and becoming extremely volatile and competitive. In recent years, the Southeast Asian gaming industry has attracted the attention of investors, developers and analysts from Australia, China, India and elsewhere. Asian mobile gaming generated USD36 billion in revenue in 2017, where 97 per cent of the revenue was generated from the Philippines, Indonesia, Malaysia, Thailand, Vietnam and Singapore . How bright is the future of Asia’s gaming market?
Plant-based protein holds the same position in the food industry that Tesla does in the automotive industry. With an expected growth of USD10 billion by 2022 , it will potentially constitute one-third of the global food market by 2050 . The fourth Industrial Revolution is underway and plant-protein is at the forefront of this much-needed transformation in agriculture . Can plant-based food systems ensure global sustainability?
25 April 2019 Spire was honored to participate at the 26th International Franchise and Exhibition , Malaysia, 2019. The event was held on 6th April in Kuala Lumpur. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group, shared insights on key trends in franchise industries in the Asia. Bahar discussed key […]
1 May 2018 Spire Singapore hosted its first Client Entertainment Night of the year. Clients, business associates and partners joined the Spire team for a dinner reception followed by the movie screening of “Marvel’s Avengers: Infinity War” – the much awaited latest instalment in the Marvel Cinematic Universe franchise. The movie’s main plot revolves around […]
Humankind’s future ability to feed itself is in jeopardy due to the concurrent degradation of land, water, climate and biodiversity on a global scale. The human population is set to reach 10 billion people by 2050, increasing the global demand for agricultural products by 70 per cent. By 2022, India will surpass China as the most populous country in the world. Will innovation in agriculture be able to feed the global population?
The Belt and Road Initiative (BRI), announced in 2013, is not only China’s most ambitious global infrastructure project but also one of the largest ever attempted anywhere. It aims to develop a free trade zone and improve global connectivity across the Eurasian landmass. With an estimated investment of USD4 to 8 trillion and affecting over 70 countries, can China successfully connect all these economies together?
The Philippines is emerging as one of Asia’s most dynamic economies, with a forecasted growth rate of 6.9 per cent in 2018 driven by investment and private consumption. The economy recorded growth of over 6 per cent in 2017, for the sixth straight year, thanks to buoyant government spending, exports and a recovery in the agricultural sector. Will this Southeast Asian tiger be able to maintain its momentum?