Faced with a highly competitive environment in which rival markets are looking to capitalise on rapid technological progress to establish superiority in new fields of advanced manufacturing, the government has launched a multi-pronged strategy to ensure Philippine industry keeps pace. Overseen by the Department of Trade and Industry (DTI), the...
High smartphone penetration and social media usage suggest strong growth potential for the Philippines’ nascent e-commerce segment in the medium to long term, though online activity is still low as a share of total retail sales. This opens the possibility for disruption in an industry long dominated by traditional brick-andmortar shops – an...
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...
The draft budget for FY 2017/18, tabled on June 9, 2017 by the Ministry of Finance and Planning (MoFP), aims to raise real GDP growth to 7.1% in 2017, up from 7% the previous year, while shrinking the budget deficit from 4.5% to 3.8% of GDP, and keeping inflation between 5% and 8%. A country of 53m, Tanzania remains one of the strongest...
The government of Tanzania hopes to encourage industrialisation and investment in labour-intensive manufacturing through its export processing zone (EPZ) and special economic zone (SEZ) schemes, which were launched in 2002 and 2006, respectively. Managed by the Export Processing Zones Authority (EPZA), the EPZ scheme promotes investment in...
While still in its nascent stages, formal retail development in Tanzania holds considerable potential for long-term expansion, with population growth and rising demand for fast-moving consumer goods slated to support the economy over the next decade.
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