Asian Business Council
Recent News About Asian Business Council
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Asia's emerging manufacturers urged to prioritize sustainability
Asian countries may face setbacks in their manufacturing ambitions if they fail to produce more sustainably from the outset and decarbonize swiftly. This warning comes as emerging manufacturing powerhouses in Asia look to emulate China's success while grappling with environmental challenges.
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India needs more women in workforce to meet economic goals
If India is to successfully double the size of its economy by 2030, the only viable path is raising the number of women in the workforce.
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Cooperation among Global South nations: A solution for digital skills gap
The concept of cooperation among nations in the Global South has proven to be a successful strategy, enabling developing economies to support each other through knowledge and technology transfers. This approach could potentially address the digital infrastructure gap and aid in building a highly skilled workforce, thereby preventing emerging countries from falling further behind.
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Why India Could Soon Dethrone China as World’s Top Consumer Market
India's rapid growth in consumerism is positioning it to potentially surpass China as the world's top consumer market. According to a recent analysis, "The speed of India’s rise in consumerism is outpacing China’s as the gap between the two countries’ markets continues to narrow."To retain its position as the leading consumer market globally, China is advised to adapt its strategies. The need to broaden its focus to include rural areas and cater to often-overlooked consumer bases is emphasized, as stated, "If it wants to maintain its lead as the world’s top market, China...
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Asian economies urged to prioritize green initiatives for global competitiveness
In a changing global economic landscape, experts are emphasizing the importance of Asian economies prioritizing green initiatives to maintain their competitive edge. A recent article highlighted the necessity for countries like Bangladesh and Cambodia to adapt to new cross-border environmental regulations or face potential repercussions in global trade.According to the article, one of the speakers noted, "Increasingly, new cross-border environmental regulations like the EU’s carbon tax will leave countries such as Bangladesh and Cambodia little choice but to play catch up...
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Asia’s Rising Economies Beyond ‘China Plus One’: A Look at Potential Growth
Asia's rising economies are gaining recognition beyond just being seen as "China Plus One" destinations. According to a recent industry report, these countries, including the Philippines, Indonesia, Vietnam, India, and Thailand, are positioned to leverage their strengths and further enhance their economic growth prospects.The report highlights that "Asia’s rising economies are more than ‘China Plus One’ destinations," indicating a shift in perception towards these nations. It emphasizes the evolving roles of these countries in the global economy and their potential for...
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As China’s economy slows, Africa stands at a critical juncture
As China's economic influence wanes, Africa finds itself at a pivotal moment where self-sufficiency is key. The reduction in Chinese lending to the continent has prompted a need for Africa to take charge of its own development. "With Chinese lending to Africa shrinking, the continent must find ways to support its own development," a critical observation made in light of the changing economic landscape.One potential avenue for Africa to bolster its development is by focusing on internal trade and diversifying its tradeable goods beyond commodities. By doing so, the...