Recently appointed Chief Executive of DBS bank was in high spirits and believed his bank would be the most successful one in years to come. He puts most of this optimism down to the Asian market. "This is Asia's time," the Indian-born Gupta said, adding DBS economists project that domestic Asian consumption will be the biggest contributor to the global economy for the first time in history. There was some astonishing statistics that proved his statement too, he said for every dollar the American spent before, Asians counted for 50 cents of it and now Asians count for around 102 cents of it. There are some adventurous plans in Asia with plans to open around 15 more branches in the Chinese market in years to come and expect more the same in different parts of Asia.DBS is a bank which has been doing very well in recent years and they see Asia as the main market for the years to come. It is the place which has recovered fastest after the economic crisis and big corporations are starting to take notice now. This is a remarkable opportunity for SME's around the world and Asia too to be part of this boom. The key word here is spending, if people have slowed down buying items on the streets, it means they are buying stuff online and the trend is going to continue.
Source: http://www.scmp.com
Image: Wikipedia
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