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The pet economy boom in Asia

With the increase in pet ownership, healthcare and spending, Asia’s pet industry is expected to grow at 14.3 per cent annually from 2016 to 2021. Pet ownership as well as expenditure per pet is increasing. Will Asia become the next global hub for pet-related products and services? The beginning of pet ownership As of 2016, the majority of households across the globe owned a pet. Pets have been a part of human society for thousands of years. Cats and dogs were buried with humans. The ancient Romans also kept small toy dogs approximately 2,000 years ago. As of 2016, the majority of households across the globe owned a pet. Dogs are officially man’s best friend with one third of households world-wide (on average) owning a dog. Cats are not far behind, with one quarter of households (23 per cent) owning cats, making them the second most popular pet. Where do the market opportunities lie? The annual growth rate of the pet care industry in Asia between 2017- 20

Increase collection of recyclables for a greener Singapore

How can Singapore become more eco-friendly? Leon Perera, CEO of Spire Research and Consulting, shared his insights in The Business Times – Views from the Top section on 24 April 2017. Perera commented that to increase the public collection of recyclables, there should be better education and more frequent collection from recycling bins in housing estates. Perera also opined that measures should be taken to tackle food waste in Singapore’s hawker centers. The government also needs to work together with business chambers and retailers to encourage the purchase of products which are produced in a sustainable manner. Moreover, businesses need to think whether the supplies they purchase are made in a sustainable manner and not focus solely on reducing expenditure for paper, electricity and other supplies. https://www.spireresearch.com/newsroom/events/increase-collection-of-recyclables-for-a-greener-singapore/