As consumers in Southeast Asia grow more savvy with technology peripheral products, their adoption rate of smart products that look after their personal health and safety has caught up with the other categories such as entertainment and productivity.
Pro-environment sentiments have propelled the rise of energy saving smart products – from remotely controlled lights and switches to health and fitness as well as entertainment devices.
As technology deepens its impact on everyday life thanks to the global COVID pandemic, consumers across Southeast Asia have become more conscious about the kinds of smart technology they buy – from smart watches and TVs to gaming apps and computing peripherals.
The International Air Transport Association (IATA) estimates that the number of flights worldwide went down by 80% compared to the same period in 2019. While aircrafts are grounded, fixed costs continue to run, burning into airlines’ cash reserves.
Covid-19 has brought changes and delays to many Merger & Acquisition (M&A) time-lines. Many buyers want to review supply chain risk in the weak economic environment.
Covid-19’s impact on oil market prices has been brutal. More than three-quarters of the world’s oil storage capacity (76%) is already full, spiking the rental costs of storage facilities.
The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), is expected to increase trade flows between the two largest economies in the region.
Not only will wind and solar plants be cheaper to build than running existing coal-fired power stations, it is expected that renewable power would cost less than electricity from existing coal plants by 2030.
Countries fight Covid-19 crisis with economic bailout packages
EU lawmakers voted to open its market wider to the ASEAN country in a deal that will eliminate 99% of tariffs on Vietnamese goods, with a transition period of up to 10 years on some imports.