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Fuelled by increasing disposable income due to growing employment levels, the meat sector in the Philippines is expected to grow at a compound annual growth rate (CAGR) of 5.2% from PHP204.9bn (US$3.9bn) in 2018 to PHP264.5bn (US$4.8bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Meat in Philippines’, reveals […]
Central Bank of Nigeria looks to reach out to 60 million unbanked population by 2020 with Payment Service Banks, says GlobalData
Nigeria remains a largely cash-dominated society, primarily due to limited financial literacy and a lack of financial infrastructure. Against this backdrop, the Central Bank of Nigeria (CBN) is launching Payment Service Banks (PSBs) to make banking services available to over 60 million financially excluded Nigerians by 2020, says GlobalData, a leading data and analytics company. […]
China’s Styrene-Butadiene Rubber industry continues to be import dependent in medium term, says GlobalData
The imports of Styrene-Butadiene Rubber (SBR) production in China is expected to grow at a compound annual growth rate (CAGR) of 11.8% from 0.454 million tonnes per annum (mtpa) in 2017 to 0.793 mtpa in 2022, says GlobalData, a leading data and analytics company. The company’s report: ‘Styrene-Butadiene-Rubber (SBR) Industry Outlook in China to 2022 […]
SGRE will solidify leading position in offshore wind segment after replacing GE on French offshore projects
Following the news that General Electric (GE) has abandoned the rights to supply and service its Halide 150-6MW turbines for two French offshore wind projects totaling nearly 1GW, and Siemens Gamesa (SGRE) has stepped in to fill the space, signing a new framework agreement with EMF for the remaining two projects after GE’s exit; Ankit Mathur, […]
Indonesian cosmetics & toiletries market forecast to be worth Rp105.1 trillion by 2023, says GlobalData
Fuelled by positive economic growth supported by heavy manufacturing investments, the cosmetics & toiletries industry in Indonesia is expected to grow at a compound annual growth rate (CAGR) of 8.4% from Rp70.3 trillion (US$5bn) in 2018 to Rp105.1 trillion (US$7bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Cosmetics […]
ConocoPhillips asset acquisition set to make Chrysaor the leader in UK oil and gas production, with over 180,000 boed forecast in 2019
Following the recent news that ConocoPhillips is to sell its remaining UK upstream assets to Chrysaor Holdings for US$2.675bn, Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, estimates that Chrysaor will become a leader in UK oil and gas production and offers his insight on the transaction: “The […]
Renault-Nissan alliance breakdown would push both manufacturers behind their competitors
Following the news that Renault has again attempted to integrate with Nissan, a proposal that Nissan is expected to reject, as reported in Nikkei Asian Review; Calum MacRae, Director of Automotive Product Development at GlobalData, a leading data and analytics company, offers his view: “It’s a high-stake game that Nissan is playing here. Vehicle manufacturers need […]
US will contribute 85% of North America’s new-build gas processing capacity growth by 2023
The US will drive growth in North America’s gas processing industry from planned and announced plants between 2019 and 2023. The US is expected to add around 17,533 million cubic feet per day (mmcfd) of gas processing capacity during the forecast period from 86 planned and announced gas processing plants, between 2019 and 2023, according […]
California-based companies sweep GlobalData’s list of top five VC funded tech companies in North America
All the top five venture capital (VC) funded emerging technology companies in North America in 2018 were headquartered in California, according to GlobalData, a leading data and analytics company. Among the top five, DoorDash, Open Door Labs and Lyft are in the digital business space. Growing demand for e-commerce, on-demand delivery services and ride sharing […]
Low value deals rule venture capital funding space in Q1 2019, says GlobalData
Low value deals (investment <=US$10m) continued to dominate venture capital (VC) investments throughout the first quarter (Q1) of 2019. The share of such deals also registered consistent growth during the period, according to GlobalData, a leading data and analytics company. VC deals with value up to US$10m accounted for 75.5% share of total deal volume […]
Novartis’ case for innovative gene therapy for spinal muscular atrophy gets stronger, says GlobalData
Positive interim results from a Phase III trial evaluating the effect of Novartis’ Zolgensma in Type 1 SMA patients is expected to make the case stronger for its approval and also its long-term use as a mainstream treatment option, says GlobalData, a leading data and analytics company. While the company waits in anticipation for a […]
E-commerce payments in UAE set to reach AED46.3bn by 2022, says GlobalData
E-commerce payments, which are growing at a rapid pace in recent years, are set to grow at a compound annual growth rate (CAGR) of 19.1% from AED31.5bn ($8.6bn) in 2018 to AED46.3bn ($12.6bn) in 2022, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Payments Landscape in the UAE: Opportunities and Risks to […]
JP Morgan leads GlobalData’s top 20 global M&A financial adviser league table for Q1 2019
JP Morgan has secured number one position in the latest global mergers and acquisitions (M&A) financial advisers’ league table in the first quarter (Q1) of 2019, according to GlobalData, a leading data analytics company. The American bank advised on 61 deals worth $331.9bn in Q1 2019, including the quarter’s two biggest deals – Bristol-Myers Squibb’s […]
Kirkland & Ellis leads GlobalData’s top 20 global M&A legal adviser league table for Q1 2019
Kirkland & Ellis has secured number one position in the latest global mergers and acquisitions (M&A) legal advisers league table for Q1 2019, according to GlobalData, a leading data and analytics company. The American law firm advised on 128 deals worth $215.9bn, including the biggest transaction of the quarter – Bristol-Myers Squibb’s acquisition of Celgene […]
Malaysian meat market poised for modest value CAGR of 3.6% over 2018-2023, reports GlobalData
A steady economic growth, driven by strong domestic demand and private consumption, is boosting the Malaysian meat sector, which is expected to grow at a compound annual growth rate (CAGR) of 3.6% from RM7.8bn (US$2.0bn) in 2018 to RM9.4bn (US$2.5bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Meat […]
Norway leads globally with highest number of oil and gas discoveries in Q1 2019, says GlobalData
Norway had the highest number of oil and gas discoveries globally in the first quarter (Q1) of 2019 with five discoveries. Of these, three were conventional oil discoveries and the remaining two were conventional gas discoveries, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘Q1 2019 Global Oil and Gas Discoveries Review […]
IBM comes to offline retailers’ rescue with smart mirror technology in India, says GlobalData
Following the news that tech giant IBM is working on ‘smart mirror’ technology to enhance the shopping experience of consumers and facilitate informed decision making for offline retailers, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “The move comes at a time when offline retailers are facing […]
Technological advancements are enabling companies to deploy digital oilfields in exploration and production operations, says GlobalData
Over the last 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics, according to GlobalData, a leading data and analytics company. Digital oilfield is a concept that combines business process management with digital technologies to automate workflows for maximizing productivity, reducing costs, […]
China to lead global concentrated solar power market by 2030, says GlobalData
The global CSP capacity is estimated to increase significantly from 5.6 gigawatt (GW) in 2018 to 22.4 GW in 2030 following significant capacity additions by China, Chile and countries in Middle East North Africa (MENA) region according to GlobalData, a leading data and analytics company. The company’s latest report ‘Concentrated Solar Power (CSP) Market, Update […]
Growing popularity of natural and non-synthetic skincare products shaping APAC skincare market, says GlobalData
Consumers in the Asia-Pacific (APAC) region are shying away from artificial/synthetic ingredients to opt for skincare products with ‘natural’ and ‘organic’ ingredients, as these are perceived to be of high-quality and safe for skin, finds GlobalData, a leading data and analytics company. This is substantiated in the company’s 2018 Q3 Consumer Survey, which shows that […]