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Medical device sector needs collective action to reach green goals: study
Proper regulations are needed to keep the industry on track with its sustainable goals.
Medical device sector needs collective action to reach green goals: study
Proper regulations are needed to keep the industry on track with its sustainable goals.
Singapore’s coffee sales to see ‘steady’ growth in next five years
The market is expected to grow by 3.2% CAGR over 2022-2027.
CRRC’s plan to expand and remodel stores in Thailand and Vietnam
The Central Retail Corporation recently announced that they will invest $826 million in Thailand and Vietnam to expand their retail presence in those regions. Their goal is to become Asia's leading retail omni-channel retailer within the next five years. A large part of the budget will be used to renovate and expand their stores in Thailand and Vietnam while investing in technology and sustainability.
Chart of the Week: Over 1 in 4 of Taiwan’s online transactions use alternative payments
Over a quarter of Taiwanese online shoppers prefer to pay via alternative payment methods.
Beijing’s key zones for a business-friendly environment
Beijing's relaxed foreign investment rules and tax incentives are expected to boost domestic and foreign trade. In 2013, they began the construction of two zones that aimed to open up the service sector to boost overall economic growth. Beijing has been a pioneering city in developing a national integrated demonstration zone for greater openness in the service sector, which has led to an increase in the contribution of the service sector to the total GVA in Beijing from 77% in 2013 to 82% in 2022.
APAC’s mobile wallet adoption chips away at traditional payments’ dominance
Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.
Omnichannel is the way forward for APAC retailers
As physical stores reopen, online spending may drop to 13.4% by end-2021 but never below pre-COVID levels.