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Fall in Indonesian beverage industry volumes cushioned by strong dairy drinks sector growth in Q4 2020, says GlobalData

The Indonesian beverages market posted a year-on-year (y-o-y) volume fall of 1.7% in Q4 2020, cushioned by a sturdy dairy drinks’ sector growth of 7.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)’, […]
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Intra-regional tourism crucial for post-COVID-19 ASEAN tourism revival, says GlobalData

Due to an abundance of low-cost connectivity and an increased preference for travel closer to home, the intra-regional tourism will play a key role in revitalizing the ASEAN countries’ tourism economies, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insight- ASEAN (2021)’, reveals that in 2019, 44.3 million tourists […]
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Australian beverages industry volumes fell by 4.2% in Q4 2020 over the same quarter of 2019, says GlobalData

The Australian market for beverages (dairy and soy drinks, alcoholic drinks, soft drinks and hot drinks) saw consumption fall by a year-on-year (y-o-y) rate of 4.2% in Q4 2020, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft […]
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India’s beverages industry declines in Q4 2020 as consumers remain reluctant to step-out, says GlobalData

Despite the Indian government’s efforts to the drive the economic activity, people remain reluctant to travel and dine-out, driving down the ‘on-trade’ volumes of beverages, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)’ […]
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Azerbaijan’s beverages industry witnessed 7.8% volumetric rise in Q4 2020, says GlobalData

Azerbaijan’s beverages market posted a year-on-year (y-o-y) increase in volumes by 7.8% in Q4 2020, led by soft drinks (excluding bulk/HOD water), says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Azerbaijan Beverages Consumption Trends and Forecasts Tracker, Q4 2020 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)’, reveals that soft […]
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Cipla takes deal route with Alvotech to enter Australian autoimmune biosimilars market, says GlobalData

Australia continues to focus on reducing healthcare expenditure and encouraging the use of biosimilars over their reference product. Cipla adopted deals route to capitalize on the opportunities that exist within the Australian biosimilars space, says GlobalData, a leading data and analytics company. On 02 March 2021, Cipla Gulf and Alvotech expanded their partnership to market […]
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Card payments in Singapore to rise by 10.2% in 2021, says GlobalData

Card payments in Singapore are set to rebound and grow by 10.2% in 2021 due to the improving economic conditions, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, with the reopening of businesses, easing of travel restrictions and ongoing COVID-19 vaccination program, the value of card payments is forecasted […]
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Sale of insurance by third-party digital platforms to increase e-commerce share in South Korea, says GlobalData

The Financial Services Commission (FSC) of South Korea plans to allow third-party digital platforms to sell non-life and micro-insurance as part of the country’s financial ‘sandbox’ program. The move is expected to increase the e-commerce share in South Korea. The sandbox program aims to promote insurtech companies by easing regulations and encouraging innovation, says GlobalData, […]
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International arms restrictions against Myanmar coup unlikely to deliver results, says GlobalData

Australia has suspended its military cooperation with Myanmar in response to the recent martial coup. Australia had reportedly maintained a limited bilateral defence co-operation program with Myanmar’s military, restricted to only non-combat areas such as English language training. Whilst there has been international rhetoric condemning the coup in Myanmar, in terms of concrete action, fresh […]
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