Donald Trump’s victory in the U.S. will impact Asia massively

5 December 2016
The Business Times – Views from the Top

Donald Trump’s victory in the U.S. will impact Asia massively

As the year 2016 draws to an end, there have been many upsets and surprises. Leon Perera, CEO of Spire Research and Consulting shared his insights in The Business Times – Views from the Top section on 5 December 2016 on the impact which Donald Trump’s victory will have on Asia.

Donald Trump’s victory in the U.S. elections presages a change in direction for US foreign and economic policy but in ways that are not yet completely predictable.

Perera opined that President Trump is expected to curb America’s economic and military engagement with Asia.

However, his commitment to improve expenditure for domestic infrastructure may contribute a growth boost to the US and global economy. His ability to push through his spending plans is plausible as Republicans control both houses of Congress.

Nonetheless, a volatile and cautious outlook is expected for 2017.

https://www.spireresearch.com/newsroom/media/donald-trumps-victory-in-the-u-s-will-impact-asia-massively/

Comments

Spire speaks on ICT sector at the GATES Vietnam ICT Channel Summit in Da Nang

Spire was honored to participate in the GATES Vietnam ICT Channel Summit 2019 as Event Partner. The Summit was held on 11-13 December, in Da Nang. Japnit Singh, Deputy Chief Executive Officer of Spire Group, shared his insights on scope and opportunities. Japnit discussed how the ICT sector in Vietnam holds lucrative opportunities. The country boasts the fastest growing economy in South-East Asia with around 13% GDP (Gross Domestic Product) growth for manufacturing from FDI (Foreign Direct Investment) in 2018. With the 4th fastest download speed in ASEAN, Vietnam’s digital economy continues to grow. E-commerce growth is expected to be 14% from 2019 to 2023, with 97% of online purchases executed through mobile phones. The government’s Digital Economy 2020 plan aims to promote smart cities across the country by 2030. Regulatory reform aims to ease digitization in the government and encourage local businesses to adopt technology. To that end, the government plans to is...

The Trump Presidency: One year on

One year since President Trump took office, what has been the impact for businesses in Asia? Leon Perera, CEO of Spire Research and Consulting, shared his thoughts in The Business Times – Views from the Top section on 27 November 2017 on the impact on global economy. Thus far, Donald Trump’s Presidency has not been bad for the American stock market and the US dollar. However, the expected infrastructure spending and tax cuts, which drove stock market exuberance in 2016, are still far from being realized and could well be at risk. Perera opined that President Trump’s withdrawal from the Trans-Pacific Partnership (TPP) has caused a strain in global trade relations and has raised the risk of trade frictions. President Trump has also overseen a decline in US influence in the Middle East and Asia. However, the basic fundamentals of the US economy remain strong thanks to its world-class universities, innovative companies, confident consumers, a strong start-up sector as well ...

Robots : Changing industries, expanding possibilities

Robots are now prevalent across many industries, not only heavy manufacturing. Today’s robots are more precise and can be controlled remotely, which is why there is a preference for them over error-prone humans in some parts of the services industry. With over 179,000 industrial robots sold worldwide in 2013, robots are now set to conquer a new arena – the household. What is a robot? The first thing that comes to mind when the word robot is uttered is a machine that imitates a human being, such as the androids from Hollywood’s Star Wars or Terminator movies. The reality, though, is that the hundreds of thousands of industrial robots operating in the world resemble high-tech machinery more than high-tech humanoids. A robot is defined as a programmable, self-controlled device with electrical, electronic or mechanical units. Robots have some advantages over humans when it comes to work – they have better physical endurance and are more adept at working under uncomfortable or da...

Thailand unrest fails to deflate the Thai economy

Thailand has been beset by continuous political tension since 2008. And now, anti-government protestors vow to “shut down” Bangkok. But the protests have not derailed foreign direct investment or economic growth. Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his thoughts on the outlook for Thailand’s economy in China Daily – Asia Weekly. Despite the on-going political unrest, Thailand’s economy continues to grow steadily. One of the drivers of this growth is foreign direct investment. The Thai Board of Investment, one of the region’s most respected investment boards, has managed to maintain investor confidence thus far. However, adverse impacts have been felt on Thailand’s stock market, currency and inbound tourism during this period of intense political strife. Perera shared that the Thai tourist industry has been hit by flight and tour cancellations. Having said that, other key sectors such as chemicals, automotives, information and communica...

London spearheads Europe’s largest infrastructure project

Flagged off in 2012, the London cross rail project aims to achieve better connectivity within the UK. Deemed to be Europe’s largest infrastructure overhaul, the project aims to increase railway capacity by 10%. The project is expected to come on stream in December 2018. It will have 10 new stops, create 55,000 full time jobs, increase employment of female engineers as well as reach out to young students through various Crossrail programs for engineers. Will the UK’s rail overhaul help to buffer the impact of Brexit? https://www.spireresearch.com/newsroom/spirethoughts/london-spearheads-europes-largest-infrastructure-project/

The Knowledge to Decide

Search This Blog