Companies seeking to grow globally can start with launching to the ASEAN market. The population of the ASEAN middle class alone is easily 50million and this is set to grow. Is addressing this market in your business strategy?
A unicorn is a privately held company with a valuation of over US$1B. These are usually start-ups with a new business model or technology disrupting an existing process. The chart below shows the unicorns of south-east asia and a description of the 6 found in Indonesia.
Services have been delivered remotely for some time. Outsourcing of business processes such as backroom functions & call centres have been channeled to lower costs countries. Even software development has been delivered this way. So remote working is not new. It has only been made more pronounced as a result of travel suspension and lockdowns. This article highlights some of the legal issues associated with remote working. They are not un-surmountable.
This is a sound reminder of the trends that’s occupying the minds of most leaders – reduction of carbon footprint, IT-enablement & transformation, Worklife integration & being connected to society. This article by Max Loh has put it so well.
Hyundai has indicated interest to acquire 80% of Boston Dynamics – maker of robots. We are living in exciting times of robots and AI. Let’s hope that Hyundai will bring this technology to the next level.
When countries pursue economic growth at all costs, they will soon find themselves “without a soul”. Hence, I find this article so appropriately put – the value of values in economic growth. When economic growth is experienced embracing values, the social fabric of the country remains strong. The same will be true for companies. Growth should never be at the expense of values. Check out this article.
Singapore is an open economy and highly reliant on International trade for economic survival. Hence, such FTAs are certainly welcomed. This FTA with the UK will be the first after Brexit and certainly important for access to the UK market.
202- was a watershed year for Singapore’s economy. We saw the worst recession since 1965. Demand for goods and services plunged due to the COVID-19 pandemic. We are seeing recovery. But it is going to be a long journey as you can see in the infographic below.
SilverBullets 