Asian companies making huge strides!

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According to the Boston Consulting Group, Southeast Asian companies are going to make huge strides in the international arena in the coming years. Some of the examples included household names in the region such as AirAsia, Axiata and Petra Foods which were going to make an international impact in the coming years. "That may be about to change," BCG suggested. "Within a few years, many of these companies will likely play leading roles on the global stage." They are benefiting from an increasingly higher disposable income in the region who are sticking by their roots and spending more within the Asian region itself. Over the past couple of years, these companies have enjoyed tremendous growth and there is no reason why this should stop especially with the economy here doing so well. More trade agreements between Southeast Asian countries and China, India and rest of Asia is also helping this cause. Looking ahead, it predicted Banyan Tree Hotels and Resorts, BreadTalk, the bakery group, Charles & Keith, the footwear and accessories specialist, all of which are based in Singapore, could be next to join the league of top challengers.

Source: http://warc.com

Image: Jeff McNeill
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