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India will have 810 million smartphone users by 2021: Ericsson

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India looks all set to retain its title as the world’s fastest-growing smartphone market. By 2021, India is expected to have 810 smartphone subscriptions, a four-old increase from its subscriber base in 2015, according to the latest Ericsson Mobility Report. The total number of mobile subscriptions in the country will reach 1.37 billion by 2021.

India had also seen the maximum increase in mobile subscribers in world in the first quarter of this year, according to the recent global Ericsson Mobility Report. It saw 21 million new subscribers in this period, as compared to 5 million in Indonesia and 3 million in the US.

Here are some other findings from the report.

Most popular apps

WhatsApp is the top mobile app in India, followed by Google search and YouTube. The file-sharing app Xender is the top app according to average monthly data usage, along with similar app SHAREit and YouTube.

Music and video are popular

Music streaming and videos are the most popular forms of entertainment on smartphones. Around 50% of smartphones users stream music on apps, and more than one in two Internet users watches online videos every week.

Mobile broadband will increase dramatically

By 2021, 99% of the mobile traffic in India will be from data. The total mobile traffic is expected to increase by 15 times from 2015 to 2021, reaching a figure of 4.5EB…

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Ecommerce

Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)

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Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)

What measures has SET taken to support listed companies’ compliance with ESG standards?
PAKORN PEETATHAWATCHAI:

PAKORN: When we first began promoting ESG-compliant investments, we were met with little interest. We attributed this to a lack of clear data to showcase the economic benefits of ESG investment, and perhaps limited clarity as to what constitutes a sustainable or ESG-compliant investment. The launch of the THSI list and, subsequently, the SETTHSI Index, was designed to address this. Our most recent data, comparing returns for the SETTHSI Index with the broader SET and SET100 indices from April 2020 to April 2021, underscores the economic benefits of these investments: the group compliant with ESG standards outperformed the other two indices on every data point. 

As of May 2021 Thailand was home to CG and ESG assets under management totalling BT54.8bn ($1.7bn) across 50 funds – up from 23 funds in 2019. Meanwhile, of the BT187.1bn ($5.9bn) raised in green, social and sustainability bonds since 2018, BT136.4bn ($4.3bn) was raised in 2020 – 83% from the government and the remainder from development banks and private players. This rising demand, in a move to manage risk and generate returns, has been complemented by growing supply and promotion: supply from ESG-compliant businesses aiming for resiliency and sustainable growth, as well as promotion from regulators highlighting investment opportunities with good CG and SD practices. Indeed, the pandemic has been a catalyst in shifting the view of ESG compliance from a luxury to a requirement in the new normal.

In what ways can enhanced standard-setting and regulatory mechanisms overcome the remaining barriers to improved ESG performance?

PAKORN: A multi-stakeholder approach is crucial for enhanced ESG performance – not only in Thailand, but around much of the globe. This can also help to address the standout incumbent challenge: access to reliable, wide-ranging ESG data. For example, the 2020 update to the 56-1 One Report established clear ESG standards and triggered online and offline capacity-building programmes to support listed firms’ compliance. SET is developing an ESG data platform with a structured template to promote the availability of comparable data, maximise value added from corporate sustainability disclosures, and foster collaboration between the business value chain and stakeholders. This is expected to support Thai companies along their ESG journey in an economically sustainable way, result in a greater number of sustainability-focused products and services, drive sustainable investing in the Thai investment community and ultimately “make the capital market work for everyone”, as outlined in the SET’s vision.
 

 

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Asean

China Sustains Huge Ecommerce Development Investment Flows into ASEAN

What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and followed by Indonesia, Malaysia, Thailand, and the Philippines. Collectively, these markets saw circa 30 investments n Q3, or about 15 percent of total Chinese outbound volume. 

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China-Sustains-Huge-Ecommerce-Development-Investment-Flows-Into-ASEAN

ASEAN Inbound Investments from China show strong trends in developing digital trade infrastructure.

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