With a nation that spends so much time on their mobile phones, reliable internet connection, and the disposable income to spend online, three key trends are on the horizon that advertisers and publishers should consider to stay ahead of the curve and penetrate the market quicker. Live Strea...
Underlying macroeconomic factors:The TV & Video market in Singapore is significantly influenced by macroeconomic factors such as national economic stability, digital infrastructure investment, and consumer spending patterns. The robust economic growth and high disposable income levels encourage increased expendit...
With a young and tech-savvy population, increasing internet penetration, and rising disposable incomes, the region's e-commerce landscape is primed for substantial growth. In fact, Google, Temasek and Bain & Company's e-Conomy SEA 2023 report projected that Southeast Asia’s internet economy...
Finally, the support package announced the issuance of public transport vouchers (PTVs) worth SG$50 (US$36.76) for resident households with a monthly per-person income of SG$1,600 (US$1,176) or less. These will be disbursed at the end of December 2023 and can be used to top up far...
Living costs have reached a tipping point, as various industry sources have relayed anecdotally tofinews.asia. Apparently, one source indicates that even highly compensated foreign bankers in Singapore stably employed at a large financial institution complain about having little actual disposable income, ...
With the total Asian e-commerce market projected to be worth US$1.81 trillion in 20235, it’s no surprise that online shopping in Asia is booming. A young population, high internet penetration rates, and a growing middle class with more disposable income available are all driving the boom. ...
The average consumer is willing to part with their disposable income if you’re willing to meet their changing expectations. Another consumer behavior trend is the demand for more payment options beyond credit and debit cards. Paysafe’sLost in Transactionreportfound that 52% of consumers are leavi...
While waiving visas can make a destination more attractive, China's slowing economic growth, job uncertainties and decline in income this year are likely to temper any outbound travel, analysts say. "There is a feeling that the economic hardships and lack of disposable income ...
Most households in Singapore are in a good financial position, and rules have been put in place to make sure that homeowners don't borrow too much money. However, high inflation and rising living costs may reduce people's disposable income, and the economy may slow down, which could make ...
If consumers’ disposable income increases by 1%, their consumption of said goods and services increases by more than 1%. Figure 2: Countries’ healthcare spend of income (%) Source: World Bank, 2023 Show chart description Download PDFon Navigating growth Related content Real estate déjà vu ...