Standard Chartered Bank has identified four key sectors in Southeast Asia that showcase a high growth potential with compound annual growth rates, which it projected to outpace the overall industry average over the next few years. Know more:
STANDARD Chartered Bank has identified four key sectors in Southeast Asia that showcase a high growth potential with compound annual growth rates, which it projected to outpace the overall industry average over the next few years.
“Propelled by shifting consumer behaviors, accelerated digital adoption and rapid urbanization, these four sectors present significant opportunities for both regional and foreign companies looking to expand in ASEAN,” the bank’s study said. It said, however, that while the overall outlook across the four sectors remains positive, businesses have to tackle and overcome a host of challenges and disruptions, in order to survive in a high inflationary environment and thrive in ASEAN.
“Furthermore, the impact of the health crisis, amplified in emerging ASEAN economies due to unequal access to healthcare resources and uncertainties in policy interventions, are imposing severe commercial and operational challenges for businesses in the region,” it said.
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