Ian Pascoe’s Post

Mid-market business leaders in Thailand now have a proactively preparing for potential challenges due to rising uncertainty economic situation, according to the results of the latest Grant Thornton Thailand IBR survey.   Read the press release below to learn about key factors and how businesses can pivot for success.

GLOBAL INTERESTING BUSINESS MOVES…053 DOING BUSINESS IN AFRICA [Part-10] Any Global Business without an African Touch,Directly or Indirectly is Highly Deficient of Maximum Growth Catalyst. REASON WHILE THE “BRIC”needed “S” to Compliment its name & Potentials which is globally known today as“BRICS” (Brazil ,Russia, Indian,China & South Africa) As the global economy continues to evolve, the importance of Africa in the world of business cannot be overstated. In this series "Doing Business in Africa," we've explored various aspects of the continent's business landscape. In this installment, we'll delve into why having a presence in Africa, either directly or indirectly, is crucial for achieving maximum growth in global business. The acronym "BRICS" initially represented the emerging economic powerhouses of Brazil, Russia, India, and China. However, it later expanded to include South Africa, forming "BRICS." This addition was not arbitrary; it was a recognition of Africa's significance in the global economy and its potential to drive growth and innovation. There are several reasons why Africa's inclusion in the BRICS group is significant. Firstly, Africa is home to a vast and diverse market with over 1.3 billion people, offering immense opportunities for businesses across various sectors. With a growing middle class and urbanization trends, consumer spending in Africa is on the rise, making it an attractive destination for investment. Secondly, Africa is rich in natural resources, including minerals, oil, and gas, which are essential for global industries such as manufacturing, energy, and technology. Access to these resources is crucial for sustaining growth in many economies, including those of the BRICS nations. Furthermore, Africa's strategic location offers unique advantages for international trade and investment. Its proximity to Europe, Asia, and the Middle East makes it a hub for commerce and logistics, facilitating trade routes and economic partnerships. Moreover, Africa's youthful population presents a demographic dividend, offering a large and dynamic workforce that can drive innovation, entrepreneurship, and productivity. By tapping into Africa's human capital, businesses can access talent pools and creative solutions to address global challenges. Lastly, by engaging with Africa, businesses can contribute to sustainable development and social impact. Through corporate social responsibility initiatives, partnerships with local communities, and sustainable business practices, companies can foster economic growth while promoting social equity and environmental stewardship. CONTINUE Reading From Comment Section..👇👇👇 Meanwhile Enjoy this good ready: AFRICA’S BUSINESS REVOLUTION. https://lnkd.in/gKitRXEA #TIBBID-Update #ThatIgboBusinessBoyInDiaspora #HelpMakeAfricaGreat

AHK WORLD BUSINESS OUTLOOK – FALL 2023   🔵 Against the backdrop of the economic slowdown regarding different occurrences and aspects, companies are reporting a weaker but still stable business situation (45 percent good, 14 percent bad).   🔵 Although business expectations are also more cautious than in the spring, they are significantly higher than economic expectations (45 percent better, 12 percent worse). Companies in North America, the Asia-Pacific region (excluding Greater China), and the MENA region, for example, expect business to improve significantly while ones in Europe and China are more cautious.   🔵 Companies' investment intentions are significantly more expansive at their international locations than in Germany (33 percent have higher investment plans, 20 percent lower).   🔎 You are interested in more details on the chances, challenges, trends, and outlook of German investors aboard? Check out the latest AHK World Business Outlook here >>> https://lnkd.in/g8UJJpGe DIHK German Chambers of Commerce Abroad (AHK)   #AHKWBO #Fall2023 #AHKs #EconomicSurvey #InvestmentTrends #Challenges

📈🌏 Bright Futures in ASEAN: Australian Business Outlook 🌟 More exciting insights from our 2023-2024 Australian Business in ASEAN Survey are here, and the future looks promising! AustCham ASEAN, alongside RMIT University, reveals an overwhelmingly positive outlook among Australian businesses operating in ASEAN. 🚀💼 Our data shows that over 80% of respondents expect an increase in their ASEAN-derived revenue over the next five years, with more than half anticipating significant growth. 📊💹 This continues a trend of optimism seen in previous years, underscoring the region's robust potential for business expansion. Only a minimal 3% foresee a decline, reflecting strong confidence in the ASEAN markets despite global uncertainties. 🌍📉 Stay tuned for more insights as we continue to navigate and unlock opportunities within ASEAN, fostering strong economic ties and supporting Australian businesses in their regional endeavors. 🤝🌐 To read the full survey, please click here: https://lnkd.in/gUbKP4_B 📚✨ Indonesia Australia Business Council (IABC) Malaysia Australia Business Council (MABC) AustCham Singapore The Australian-Thai Chamber of Commerce (AustCham Thailand) AusCham: The Australian Chamber of Commerce in Cambodia AusCham Vietnam AustCham Lao Australian-New Zealand Chamber of Commerce Philippines (ANZCHAM)

According to a recent study by the Economist Intelligence Unit, Singapore, Denmark, and the U.S. are the most favourable places to do business. This comprehensive analysis examines 82 countries and evaluates them on factors like economic growth, inflation, cost of living, and fiscal policies. What stands out is not just the rankings but the reasoning behind them. For instance, Denmark's strong economic fundamentals and advanced transport and digital infrastructure mark it as a prime location for businesses looking to grow. For a deeper understanding of why these countries topped the list and how others are stacking up, you can read the full article here: https://lnkd.in/dmk99zun #BusinessGrowth #Denmark #Leadership

🌟📈 Growth Drivers Ahead: Insights from our 2023-2024 Australian Business in ASEAN Survey 🌏💼 AustCham ASEAN, in collaboration with RMIT University, is delighted to share key findings on what's fueling business growth in the ASEAN region. 📊🚀 From our comprehensive survey, economic conditions within operating countries and their status as regional hubs emerge as primary growth catalysts for the next 5 years. 📈🔍 Streamlined business regulation also plays a pivotal role, signaling a brighter future for businesses poised to navigate and thrive in ASEAN's dynamic markets. 🚦📚 Interestingly, factors like labor laws, tax benefits, and proximity to suppliers, while still significant, ranked lower on the scale of growth drivers. This insight underscores the evolving priorities and strategic considerations for Australian businesses in ASEAN. 🧩💡 Stay tuned for more excerpts from our survey as we continue to explore and illuminate the path for robust Australian engagement in ASEAN's vibrant economic landscape. You can read the full survey here: https://lnkd.in/gsS3jrkM Indonesia Australia Business Council (IABC) Malaysia Australia Business Council (MABC) AustCham Singapore The Australian-Thai Chamber of Commerce (AustCham Thailand) AusCham: The Australian Chamber of Commerce in Cambodia AusCham Vietnam AustCham Lao Australian-New Zealand Chamber of Commerce Philippines (ANZCHAM)

The Stratbase team went to Cebu and Cagayan de Oro last week to hold our Stratbase Business Roundtable Discussions with business leaders and chambers of commerce in the Visayas and Mindanao. We believe it is important to know the sentiments of businesses in other parts of the country. It is they who know best what is happening in their respective spheres. What we gathered was this: local businesses believe that the Philippines has distinct strengths and competencies, that there are specific opportunities available to us that we can maximize, that challenges remain, but that we could act on and address these challenges. They share the belief that the Philippines can be a premiere destination for both local and foreign investors. The location of the Philippines at the heart of the Indo-Pacific region also offers boundless opportunities. The region is said to be a key growth driver for the global economy in the coming years. In light of the recent geopolitical tensions, major global economies have been looking to derisk and decouple to shift investments to countries that share the same values that they hold. https://lnkd.in/gjWDVfaE

According to a recent study by the Economist Intelligence Unit, Singapore, Denmark, and the U.S. are the most favourable places to do business. This comprehensive analysis examines 82 countries and evaluates them on factors like economic growth, inflation, cost of living, and fiscal policies. What stands out is not just the rankings but the reasoning behind them. For instance, Denmark's strong economic fundamentals and advanced transport and digital infrastructure mark it as a prime location for businesses looking to grow. For a deeper understanding of why these countries topped the list and how others are stacking up, you can read the full article here: https://lnkd.in/eUYy_dcG #BusinessGrowth #Denmark #Leadership

From soaring hopes to sobering realities: Thailand's business sentiment faces a downturn.   Find out what this means for the future of Thai businesses in Grant Thornton Thailand's H2 2023 IBR report.

Connect and transform! 🤝💫 The #economic landscape is rapidly evolving, with Deputy Prime Minister Heng Swee Keat highlighting that achieving #growth is increasingly challenging due to #global protectionism and local resource constraints. Hence the urgent call for businesses to leverage #partnerships and #innovation for transformative success. 👌 DPM Heng outlined a three-pronged strategy for our nation's evolution, emphasising the importance of connecting, collaborating, and co-creating. 1. Sustained Transformation: Vital for agility, sustained transformation requires shared ownership. Enterprises and workers are encouraged to collaborate closely with government initiatives, exemplified by the Industry Transformation Maps. 2. Innovation: The upcoming phase necessitates a tech-intensive, innovation-driven, and sustainability-focused economy. The S$3 billion injection into the research, innovation, and enterprise (RIE) plan in Budget 2024 aims to translate research into market-ready solutions for global impact. 3. Position as Global-Asia Node: #Singapore must foster greater connections and collaborations at all levels, including encouraging co-ownership of transformation and deeper linkages within our innovation ecosystem and with other ecosystems, for enduring success. As change accelerates, how can your #business leverage connections to thrive? Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/gdDMJY5S and let SME Centre@SMF (Singapore Manufacturing Federation) help as you turn challenges into opportunities, innovations into reality, and aspirations into achievements. 🌟💡🚀 #sme #smes #smesupport #support #sgbusiness #businessgrowth #businesssupport #businessadvisory #consulting #businessstrategy #transformation #SGeconomy #resourceconstraints #strategicpartnerships #collaboration #connection #techinnovation #workforce #productivity #sustainablebusiness