Asia is dominating Intellectual Property Rights markets taking up a whopping 65% of the total patents filed globally. This was a jump of 15% over 2007 levels, with China contributing to over two-thirds of the same. The estimated number of patents reached almost 14 million, a massive increase over 8.5 million in 2008.
For a nation that is notoriously expensive to drive and own cars, the Singaporean car market is set for a revolution with Carro, South East Asia’s largest automotive marketplace launch of a monthly-flat fee product that includes car ownership, insurance, maintenance, 24-hour assistance and road tax.
Despite China’s Central Bank’s efforts to stabilize its currency, China has witnessed a significant dent in the Yuan in the wake of the rising demand of the US dollar, which has appreciated by almost 11% against the Chinese Yuan; and China is not the only among Asian economies that is feeling the fall…
Asia’s burgeoning population has increased daily commute times, putting pressure on metro networks. Investing in urban rail infrastructure is proven to be the most efficient solution for reducing traffic congestion, aiding population and economic growth – as well as reducing emissions-related pollution. It should come as no surprise then, that PWC estimates that investments in subway systems across Asia may exceed USD230 billion within the next 15 years.
In most of Asia, Microfinance (MFI) has played a critical role in providing much-needed finance to female entrepreneurs, who historically have had little access to formal credit. In addition, MFI uses technology to provide essential financial services to remote regions, a phenomenon that has helped deliver independence to borrowers and lifted millions out of poverty.