While falling property prices in Dubai have reduced Sharjah’s real estate competitiveness over the last year, a spate of large-scale, mixed-use developments and improvements to transport infrastructure are spurring a more positive market outlook.
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The government’s recent decision to make cuts to Kuwait’s petrol subsidy system is expected to boost state coffers amid low global oil prices, despite some push-back from organised labour.
Rising productivity and higher output from the processing segment is keeping Brunei Darussalam’s agriculture sector on track to meet the government’s medium- and long-term goals.
Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global tea industry, though efforts to develop new markets could help offset downturns in exports and revenue.
Government initiatives in Trinidad and Tobago’s telecoms sector aim to strengthen the market by bringing new players into the mobile segment and creating plans to develop broadband infrastructure.
Economic view | John Riady, Executive Director, Lippo Group, on Indonesia’s efforts to boost the economic role of ICT
15 Sep 2016
John Riady: Indonesia is on the cusp of a digital revolution. This is important because a country like the US has been through five digital cycles, while China has arguably seen two. In Indonesia this the first tech cycle where there has actually been the ecosystem to support a digital world. For digital businesses to work, consumers need to have certain habits, and there should be a specific threshold of smartphone availability as well as affordable broadband internet and qualified engineers, among other things. Without those things, you cannot have a digital world. Only today do we have everything in place. This is our first technological boom of many to come.