Standard Chartered
Indonesian shoppers offer growth
Brand owners in the FMCG sector could gain meaningful benefits by serving "bottom of the pyramid" buyers in Indonesia, new research has suggested.
Standard Chartered, the financial services provider, reported that over half of all spending on consumer goods in the country is delivered by individuals earning less than USD4 a day.
Nirgunan Tiruchelvam, an analyst at Standard Chartered, thus argued that the considerable attention which has been paid to the middle classes may result in a major opportunity being missed.
Video Interview: Value in Indonesian consumer sector
Nirgunan Tiruchelvam, equities analyst at Standard Chartered says that he sees value in the consumer sector of the Indonesian market, particularly because commodity prices are expected to rise substantially.
To watch the interview, visit CNBC.
Indonesia's economy to be in world's top 6 in 2030, says Standard Chartered
People migrating from the countryside to cities, a rising middle class and abundant natural resources are three key factors that could make Indonesia one of the world’s 10 largest economies in 2020 and among the top 6 in 2030, Standard Chartered said in a report a week ago.
Indian upper middle-class teens spend big on branded clothes
In India, brand conscious urban teenagers belonging to the upper middle-class segment are spending on average INR4,000-5,000 (USD90.32-112.91) a month to update their wardrobes, according to an Assocham survey.
About 40 percent of the youngsters belonging to the affluent class of the society covered by the survey said they were spending up to INR4,000 a month on buying branded clothes, as 35 percent claimed an average expenditure of INR5,000 on them.
airtel Africa, Standard Chartered and MasterCard honored for mobile payments innovation
airtel Africa, Standard Chartered Bank and MasterCard Worldwide were honored for mobile payments innovation at the 16th Annual Global Mobile Awards held during Mobile World Congress (MWC) 2011. The recently launched virtual card product, developed in collaboration between airtel Africa, Standard Chartered and MasterCard, received top honors as the Best Mobile Money Product or Solution.
HK's corporate earnings season going with a swing
With first-half results coming in thick and fast, it is shaping up to be the strongest earnings season in years for Hong Kong companies.
On Wednesday, both Cathay Pacific Airways and Standard Chartered announced their interim earnings, and both were in record territory – a testimony to the strength of regional economies.
