Thailand’s Medical Economy: Opportunities in Healthcare and Aging Care

Healthcare spending in Thailand in 2023 amounted to approximately US$24.6 billion. Medical tourism alone contributed US$9 billion to Thailand’s healthcare sector in 2023, driven primarily by visitors from Myanmar, the Middle East, and China, as well as a host of other visitors from Vietnam, Cambodia, South Korea, and Laos, the United States and United Kingdom…. Read More

India’s Growing Data Center Infrastructure

India’s tremendous population growth, increasing internet penetration, and government initiative to become a digital-first economy are driving new opportunities in the tech sector. The data center industry in particular is undergoing a remarkable transformation with significant growth potential. India ranks 13th in the world in terms of total number of data centers, with 138 currently… Read More

Market Digest: China’s Diversifying Condiments Sector

Variety is the spice of life, and Chinese consumers are craving both. China’s condiment market has exploded in flavor and value in recent years, reaching US$64.18 billion in 2021, with its compound seasoning market at US$24.95 billion and growing rapidly. The compound seasoning market is expected to reach as great as US$47 billion in 2027,… Read More

Cash-Rich MNCs Eye Acquisitions in Southeast Asia and Taiwan in 2024 as Family Business Valuations Ease

Cash-rich multinational corporations (MNCs) are increasingly looking towards Southeast Asia and Taiwan for potential acquisition targets. This shift in focus comes as family-owned businesses in these regions become more open to selling in recent years after COVID-19, with valuation expectations becoming more realistic for M&A. Previously, unrealistic valuations by family businesses, often steeped in tradition… Read More

Vietnam’s Entrepreneurial Surge: Exploring the Nation’s Developing Startup Landscape

Renowned for its history, food, and breathtaking landscapes, Vietnam is emerging as a hub for entrepreneurship. Over the last decade, Vietnam’s economy has grown significantly, with its startup scene mirroring this trend. Vietnam’s History of Entrepreneurship Vietnam has a long history of entrepreneurial spirit in the form of one of the world’s largest informal economies:… Read More

Ready for Take-off: Learnings from the Singapore Air Show 2024

With over 1,000 participating companies and 60,000 attendees at this year’s Singapore Air Show, it truly felt like the aerospace industry has returned to, and even crossed, its pre-pandemic levels, especially on the civilian front. A trade event such as the Singapore Air Show is a true reflection of the level of activity across the… Read More

Location Selection and Renewable Energy Strategies: Navigating the Diverse Landscape of Alternative Energy in Asia

This article is part of a series in collaboration with Biggins Lacy Shapiro & Co. and Location Decisions. For more information on the global renewable energy landscape, check out their insights on the United States and Europe. According to Forbes, more than 40% of Fortune Global 500 companies have either announced intentions to reach net-zero… Read More

The Rising Sun of Silicon Alley: Vietnam’s Semiconductor Revolution

The international semiconductor supply chain is highly complex, with major chipmakers sourcing from tens of thousands of vendors globally. A few of these vendors hold unique technological capabilities crucial for chip production, which causes inputs for an average IC chip to transit more than 70 international boundaries before a final product reaches customers. With expertise… Read More

The Rise of Electric Vehicle Investment in Thailand

The electric vehicle (EV) market in Thailand has seen remarkable growth over the past year. As of January 2024, the cumulative registered electric vehicles in the battery electric vehicles (BEV) category reached 147,743 units, marking a 301.75 percent increase compared to January last year. Hybrid electric vehicle (HEV) exports also increased 478.62 percent, totaling 4,953… Read More