Service Industries - Highlight
13 Feb 2017
The shipping industry has suffered heavy falls since the 2008 financial crisis as the global economy slowed. Yet despite the dim short-term outlook, fresh opportunities have arisen for Hong Kong maritime service providers to capitalise on the growing demand for ship financing services driven by the rise of Chinese lenders in the market.
Indonesia’s sizeable population, plus an average of 6% annual economic growth over the past decade, has made the country an enormously appealing consumer market. Coupled with the advantageous confluence of a mushrooming middle class and the fast growth of e-commerce, it is not surprising that the nature of the country’s consumer market is changing fast, involving a range of new business crossovers between various industries and players.
Fuelled by the expanding middle-income class and influx of tourists, expatriates and retirees, the Thai consumer market holds great potential for Hong Kong suppliers. There will be stronger demand for education, communications, F&B and healthcare. On the other hand, Hong Kong suppliers may capitalise on the trend of the fast adoption of e-commerce in Thailand.