Expanding European Business in ASEAN: Key Opportunities ASEAN presents significant growth opportunities for European businesses across various sectors. Key areas include: • E-commerce: Widespread adoption and potential in online groceries. • Travel & Tourism: Recovery in domestic travel, with challenges in international travel. • Food & Transport: Return to pre-pandemic eating habits and increased transport needs. • Online Media: Slowed growth but promising prospects with digital ads. • Healthcare: Promising growth with rural adoption and rising costs as key drivers. • Education: Challenges in edtech with spending, course uptake, and scaling. Conclusion: The ASEAN market is more than ready for European businesses to expand, leveraging growth in these dynamic sectors. With strategic entry and adaptation, Eurasia Strategy can help your company tap into ASEAN’s booming economy and digital transformation. #BusinessGrowth #Startup #Innovation #Markets #VentureCapital #GlobalExpansion #DigitalMarketing #SEO #MarketingStrategy
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As the ASEAN region continues to grow at a rapid pace, Southeast Asia presents an incredible opportunity for small to medium-sized enterprises (SMEs) looking to expand into new markets. With a young and tech-savvy population, increasing urbanization, and a rising middle class, the region is a hotbed for innovation and growth! 1. Diverse Market Opportunities: From e-commerce and fintech to manufacturing and agribusiness, Southeast Asia offers a range of sectors ripe for investment and expansion. 2. Favorable Business Environment: With governments actively encouraging foreign investment through policies like tax incentives and ease of doing business reforms, SMEs can establish a strong foothold with minimal barriers. 3. Digital Revolution: The region is rapidly adopting digital technologies, creating new opportunities for companies in digital transformation, e-commerce, and logistics. 4. Collaborative Ecosystem: With strong networks of local businesses, incubators, and partnerships, SMEs can leverage local expertise to scale efficiently while managing risk. By exploring these emerging markets, SMEs can access new consumer bases, diversify their operations, and stay competitive in the global economy. Let’s connect and discuss how to seize these opportunities! #EmergingMarkets #SMEGrowth #SoutheastAsia #BusinessExpansion #Innovation #SMEs #ASEAN #GlobalTrade
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Expanding your business internationally? The allure of new markets can be exciting, but the challenges can be overwhelming. Thailand, a gateway to Southeast Asia, offers immense potential – but where do you start? We talked to Dr.Krithpaka Boonfueng Executive Director of Thailand's National Innovation Agency (Public Organization) to learn more about Thailand's market. Discover the ins and outs of expanding your business in Thailand: 1️⃣ Strategic Advantage: Thailand's central location in Southeast Asia provides access to a broader regional market. 2️⃣ Key Growth Sectors: Food & agriculture, health & wellness, digital tourism, electric vehicles, and soft power industries are booming. 3️⃣ Regulatory Navigation: While complex, Thailand's market is open to foreign investment. Government resources like the Startup Global Hub can help. 4️⃣ Cultural Awareness: Underestimating cultural differences can lead to missed opportunities. Adaptability is key to building lasting business relationships. 5️⃣ Market Entry Strategies: Choosing the right approach—whether partnerships or solo ventures—can significantly impact your success. 6️⃣ Local Support: Leveraging local expertise and government resources can smooth your entry into the Thai market. Did you know? Thailand ranks 21st out of 190 economies in the World Bank's Ease of Doing Business index, making it an attractive destination for foreign investment! Expanding into Thailand offers a unique blend of challenges and opportunities. With careful planning and the right approach, entrepreneurs can tap into this dynamic market and use it as a launchpad for regional growth. Read the full conversation in our latest article. 🔗 https://lnkd.in/gw7_G5WN What's your experience with international business expansion? Share your insights below! #BusinessExpansion #ThailandMarket #EntrepreneurialJourney #GlobalBusiness
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How Software Can Drive Morocco's Economic Growth 🚀 🇲🇦 The software market represents an incredible opportunity for Morocco's economy. Unlike traditional industries that rely on raw materials, software requires only talent, creativity, and determination. With the right focus, we can attract and keep some of the brightest minds, build exportable products, and create long-term assets that don't deplete with use. Imagine a future where Moroccan-made software is being used globally, driving innovation and contributing to our national GDP. 🚀 Healthcare, education, supply chain, finance, procurement, sports... Software solutions can be applied to virtually any industry. But here's the reality: software can't be improvised. Having a good idea or being passionate about technology is not enough. There's a specific know-how and a methodology required to take a software business from zero to global success. From finding product-market fit, to building, marketing, selling, and maintaining a product—it’s tough. The company has to be organized with a culture focused on growth and efficiency. And if you don’t find that product-market fit fast enough? The business might not survive. That’s why speed and market interactions are crucial. 💡 Now, here’s something I’ve been thinking about and I’d love to hear your thoughts: What if there was an incubator/investor that focused purely on #software? One that worked with entrepreneurs who already have industry expertise, and are passionate and tenacious enough to build something great? Imagine if they were equipped with best practices from day one, accompanied by experienced people who have already made it happen. What if we could build an ecosystem where Morocco serves as a lab for developing software solutions, which can then be exported globally? By leveraging our local talent and expertise, we could create a thriving hub of innovation that not only drives our economy but also positions Morocco as a key player in the global tech scene. Could this be a game-changer for Morocco? How many people do you know who have the desire to create software products but aren't sure where to begin? Let me know your thoughts in the comments. Would love to hear what you think! P.S: By the way, if you have a software project and you want to discuss it, DM me ;) #startups #MoroccoDigital2030 #SaaS #makeImpact #roadToSuccess
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#TLDR Has the time to reap rewards from the digital revolution finally come for Southeast Asia? ➡️ As per the e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company, the key players in the Southeast Asian digital economy have progressed toward profitability by doubling down on monetization strategies. ➡️ Southeast Asian digital economy is on its way to hitting US$11 billion in profit in 2024, growing 24% over the last year. ➡️ Profit across the sectors—E-commerce, Travel, Transport & Food, and Online media— has multiplied 2.5X over the past two years due to tighter commissions, targeted incentives, and new revenue streams, such as advertising. ➡️ By 2024 end, the digital economy in the region will reach US$263 billion in gross merchandise value, expanding 15% over last year. ➡️ Meanwhile, revenue is projected to cross US$89 billion, rising 14% year-on-year. ➡️ Indonesia's digital economy is projected to reach US$90 billion in 2024 and is poised to expand to between US$200 billion and US$360 billion by 2030. ➡️ Singapore, remains the strongest fintech hot spot in Southeast Asia, with digital payments and wealth management driving growth for its digital financial services. ➡️ The gross transaction value for digital payments in a country of 6 million people will reach US$147 billion in 2024 and is expected to cross US$200 billion over the next six years. ➡️ Assets under management (AUM) for digital wealth in Singapore is expected to expand radically to US$150 billion by 2030 from US$32 billion in 2024. 🗞 Read more about this in our latest edition of #ICYMI: https://lnkd.in/gN4zxnbm 💲 What trends in the SEA investor ecosystem have caught your eye ?? PS: Like our quick bytes? Follow us for more updates like this. #venturecapital #entrepreneurship #investment #APAC
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Empowering Local Businesses to Go Global: Advanced Strategies for International Success In today’s rapidly evolving global market, local businesses in Sri Lanka have unprecedented opportunities to expand beyond borders and tap into international markets. However, going global requires more than just ambition—it demands strategic planning, innovation, and a deep understanding of global market dynamics. At Oritaz BCS, we specialize in helping local businesses navigate this complex journey. Here are some advanced methods we recommend for businesses ready to take the leap: 1. Digital Transformation: We build robust e-commerce platforms and optimize digital marketing to reach global audiences. 2. Market Research: Our data-driven studies identify the best markets, minimizing risks. 3. Strategic Partnerships: We facilitate alliances with international partners for better market access. 4. Trade Agreements: We guide businesses to leverage Sri Lanka’s trade agreements and incentives. 5. Cultural Adaptation: We tailor branding and marketing strategies to resonate with different cultures. 6. Regulatory Compliance: We ensure businesses meet local regulations and manage risks. 7. Funding: We assist in securing investments for international expansion. Ready to take your business global? Let’s connect. #OritazBCS #GlobalBusiness #SriLanka #ECommerce #MarketResearch #Investment
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🌟Market Spotlight Monday 🌟 This week, we turn our attention to The Philippines. 🇵🇭 The Philippines, a dynamic archipelago with over 7,000 islands, offers a vibrant and growing market ripe for international business. As one of the fastest-growing economies in Southeast Asia, it boasts a young, English-speaking population and a strategic location, serving as a gateway to the larger ASEAN market. Despite certain challenges, such as regulatory complexities and infrastructure development, the country's economic potential is substantial for those equipped with strategic planning and robust local partnerships. Here are our top five business opportunities in The Philippines to consider: 1️⃣ Business Process Outsourcing (BPO): The Philippines is a global leader in the BPO industry, known for its skilled workforce and cost-effective services. The sector continues to expand, driven by demand for customer service, IT support, and other back-office operations. Investing in the BPO sector offers significant opportunities for growth and profitability. 2️⃣ Agriculture and Agribusiness: Agriculture remains a critical sector, employing a significant portion of the population. Opportunities abound in agribusiness, particularly in the production and export of tropical fruits, coconut products, and aquaculture. Innovations in sustainable farming practices and agritech can also drive growth in this sector. 3️⃣ Infrastructure Development: The Philippine government has prioritized infrastructure development through its "Build, Build, Build" program, opening up vast opportunities for investment in transportation, telecommunications, and energy projects. Enhanced infrastructure supports economic growth and improves connectivity across the islands. 4️⃣ Tourism and Hospitality: With its stunning beaches, diverse marine life, and rich cultural heritage, the Philippines is a premier tourist destination. The tourism and hospitality sector offers opportunities in hotel development, eco-tourism, and travel services, driven by both domestic and international travel demand. 5️⃣ Retail and E-commerce: The retail sector is evolving rapidly, with a growing middle class and increased consumer spending. E-commerce, in particular, has seen exponential growth, driven by high internet penetration and mobile phone usage. Opportunities exist in online retail, logistics, and digital payment solutions. Share your experiences and insights into doing business in The Philippines in the comments below. #ThePhilippines #BusinessOpportunities #SoutheastAsia #MarketExpansion #InternationalBusiness
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🚀 The e-Conomy SEA 2024 Report is Here! 🚀 goo.gle/sea The latest edition of our annual report reveals key insights into Southeast Asia's booming digital economy: Singapore leads online travel with a $12B GMV in 2024, the highest in the region. GMV growth is outpacing GDP growth by 4X, signaling the accelerating shift toward digital. Online travel remains the top growth driver, followed by online media, as digital consumption surges. This year’s report highlights critical opportunities for businesses, investors, and policymakers to capitalize on the region’s fast-evolving digital landscape. #eConomySEA #DigitalEconomy #SoutheastAsia #OnlineTravel #Growth #Innovation
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𝟖 𝐋𝐄𝐀𝐃𝐈𝐍𝐆 𝐒𝐄𝐂𝐓𝐎𝐑𝐒 𝐅𝐎𝐑 𝐂𝐎𝐌𝐏𝐀𝐍𝐘 𝐅𝐎𝐑𝐌𝐀𝐓𝐈𝐎𝐍 𝐈𝐍 𝐒𝐈𝐍𝐆𝐀𝐏𝐎𝐑𝐄 Singapore, known for its business-friendly environment, offers immense opportunities across various sectors. Here are the top industries attracting entrepreneurs and investors for company formation: ⭐ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 Singapore is a global financial hub, making it ideal for businesses in banking, insurance, fintech, and asset management. ⭐ 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 With strong government support for digital transformation, tech startups and IT services thrive in Singapore’s innovation ecosystem. ⭐ 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐚𝐧𝐝 𝐁𝐢𝐨𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 As a leader in medical research and healthcare services, Singapore is a prime location for biotech firms and pharmaceutical companies. ⭐ 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 Strategically located, Singapore is a global hub for logistics, shipping, and supply chain management companies. ⭐ 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐚𝐧𝐝 𝐑𝐞𝐭𝐚𝐢𝐥 The rise of digital commerce makes Singapore an excellent base for e-commerce platforms, online retail, and consumer goods companies. ⭐ 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 With increasing focus on green initiatives, businesses in clean energy, sustainability solutions, and environmental technologies are thriving. ⭐ 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 Singapore’s emphasis on education attracts companies offering e-learning, professional training, and corporate education services. ⭐ 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐚𝐧𝐝 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 A top travel destination, Singapore supports a vibrant ecosystem for hotels, travel agencies, and entertainment businesses. Starting a company in one of these sectors in Singapore provides access to a dynamic market, robust infrastructure, and global connectivity. 👉 For more information about One IBC’s services, please contact us now. We are ready to assist you promptly and ensure you receive the best support possible. #BusinessInSingapore #CompanyFormation #Entrepreneurship ----------------------- One IBC Group - Leading Corporate Service Provider 📞 Hotline: +65 6591 9991 ✉️ Email: [email protected] 🌐 Website: www.oneibc.com
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See Tomorrow Now! During the keynote speeches on “Shaping Thailand’s Future in the Global Value Chain”, economic experts unveiled the megatrends poised to drive Thailand’s growth and global competitiveness. Here’s what you need to know: Technology and Automation: Thailand is on track to attract US$1.2 billion in investments in sectors such as mobility technology, big data & analytics, health tech, digital media, and entertainment technology. An additional US$0.6 billion is expected in e-commerce, fintech, and travel tech. Global Trade Shifts: Trade tensions worldwide are prompting manufacturers to diversify their supply chains, ensuring uninterrupted production and securing long-term resilience. Climate and Sustainability: The transition to a low-carbon economy is inspiring groundbreaking innovations aimed at reducing environmental impact. Thailand’s government has embraced the BCG (Bio, Circular, and Green) model as a strategic roadmap, with circular economy principles positioned as a central driver for sustainable economic growth. Thailand has immense potential to thrive in the evolving global value chain. By embracing innovation and leveraging the BCG model, Thailand can solidify its position as a leader. Let's seize these opportunities and shape a future filled with prosperity and sustainable growth New opportunities are emerging. Let’s move forward and make it happen! #exhibitionindustrysummit2024 #exhibition #thailand #business #miceindustry #cvb #sustainability #innovation #asean #seetomorrownow #TCEB
“Shaping Thailand’s Future in the Global Value Chain”
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Why I’m still bullish about Southeast Asia’s digital economy 📈 Speaking with Hian Goh, Aadarsh Baijal, and Ben King about the new Google, Temasek, and Bain & Company SEA e-Conomy 2024 report, I’m convinced that now is a great time to pay attention to what is happening in the region 🌏 Here’s why: 1️⃣ SEA’s tech companies are clearly on the road to more sustainable growth. I was surprised to see how much profitability is improving (after some hard work and difficult choices) across the internet economy, including e-commerce, travel, and ride-hailing sectors. 2️⃣ Corporates in the region are embracing digital and AI, and spurring the growth in data centres and digital infrastructure. Watch this space for tech-driven innovations in healthcare, agriculture, and education. At EDB, we’re also keeping a close eye on applications in advanced manufacturing and sustainability. 3️⃣ Governments are removing roadblocks to regional growth. For example, in Singapore, the Monetary Authority of Singapore (MAS) is leading a review of our equities market to make it a more attractive location for companies, including growth-stage tech companies, looking to exit. Whether you’re a business leader or investor, Southeast Asia is where the action is. If you’d like to find out more, let’s connect! 🤝 Download the report here: https://lnkd.in/g4n8vBWS #SoutheastAsia #Internet #Economy #Digital #Technology
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