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Shining outlook for consumer products in Middle East and Africa

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 Insights

13-Sep-18 Industry players in the consumer products sector in the Middle East and Africa are showing signs of optimism about market prospects. In the next three years, they expect to increase sourcing in Asia, particularly in Southeast Asia, China and India. [image: HKTDC Survey]

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Warehouse operator GLP launches USD2 bn China logistics fund

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 Insights

11-Sep-18 GLP, Asia’s largest warehouse operator, has launched a USD2 bn China fund in partnership with Singapore sovereign wealth fund GIC, as it continues to tap into the growing demand for warehousing fuelled by a boom in e-commerce. [image: South China Morning Post]

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PPG to build new paint, coatings center in China

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 Insights

10-Sep-18 PPG has acquired land in Tianjin, China, where it plans to build a new, state-of-the-art paint and coatings R&D centre. The facility, which will be located in the Tianjin Economic and Technology Development Area, will be completed in 2021. [image: Body Shop Business]

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Eros pacts with China’s Xiaomi for Indonesia launch

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 Insights

07-Sep-18 Indian streaming platform Eros Now is to launch in Indonesia through a partnership with Chinese mobile phone group Xiaomi. The deal expands the companies’ partnership to Indonesia, one of the world’s most populous nations with 261 mn residents. [image: Xiaomi]

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