Indonesia’s over-the-top (OTT) market is growing at 27% a year and is projected to hit US$1.5 billion by 2026.
In its recent survey on food trends, Spire found that 80% of consumers in Southeast Asia are concerned about their health, and thus have become more mindful of the ingredients that go into their food.
The Middle East and North Africa (MENA) region saw 130 inbound and outbound merger and acquisition (M&A) deals, valued at USD 60 billion, in the first half of 2020.
India prioritises cybersecurity, with policies ranging from training law enforcement personnel on how to fight cybercrime to holding public awareness campaigns on digital finance security to nurturing cybersecurity start-ups.
Known as the generation of digital natives, Generation Z has been exposed to technology and the internet from a very young age. Today, they use the internet for an average of 4 to 6 hours a day for social interaction as well as for job searches and entertainment.
Indonesia’s Generation Z (Gen Z) is frequently online, for social interaction and also to use digital solutions for banking and making cashless payments. Between 20 and 25 years old, they spend an average of one third of their day on their phones.
Malaysia’s Movement Control Order (MCO) measures to contain the spread of Covid-19 caused a substantial loss of income for the franchise industry. However, the country also recorded a 28.9% jump in online sales during this period, as it becomes the ideal alternative for consumers.
In 2019, Malaysia’s franchise industry grew 18% to hit USD 3.1 billion. However, this industry has not been spared by the Covid-19 pandemic.
Mooncakes are traditional Chinese bakery pastries that are eaten during the Mid-Autumn festival, marked on the 15th day of the eighth lunar month. They typically have a thin tender crust, with fillings that include red bean or lotus seed paste, and may include salted egg yoke. The Chinese often give these pastries as gifts to relatives, friends and business associates. The popularity of mooncakes has grown beyond its Chinese origins and spread to Asia and even the West, where it is enjoyed as a delicacy.
Indonesia’s Food and Beverage (F&B) industry contributes more than 40%, or USD 27.5 billion, to its creative economy, with full-service restaurants making up over 77% of the F&B services sector.