Emerging Asian markets have had a significant impact on the growth of the fast-moving consumer goods (FMCG) segment. The region’s FMCG consumers pack a powerful punch: around a third of Nestlé and Procter & Gamble’s global sales growth between 2008 and 2014 came from emerging Asia, according to Euromonitor data. Indeed, for both large...
What strategies are in place to advance Sri Lanka’s retail market against regional competitors?
Sri Lanka’s commitment to being conducive to private-sector business development is reflected in its marked orientation towards trade and investor-friendly encouragement of foreign direct investment. Building on its strategic location at the gateway to India and between the Middle East, Africa and South-east Asia, the government of Sri Lanka...
As the country’s largest export sector, the garment and textiles industry maintains high ethical standards and a recognised record of respectable labour practices. In this, the apparel sector caters to largely higher-value, niche products. Indeed, Sri Lanka’s major textiles producers such as MAS Fabrics serve some of the best-known apparel...
While reduced oil prices are undoubtedly a concern for the emirate’s authorities, economic diversification efforts of recent years mean Abu Dhabi is well placed to weather a prolonged period of subdued prices. Vision 2030 meanwhile contains a raft of goals that will further reduce the emirate’s reliance on hydrocarbons, and continue to foster the emergence of a more sustainable and knowledge-based economy in the years ahead.
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