Archive for August, 2012

Opportunities Abound in Asia

August 3rd, 2012

Businessmen sometimes need to be reminded that China is not synonymous with Asia. Today the entire continent is growing fast, and opportunities outside of China proper might be a better choice for many investors.

Indonesia and the Philippines are great places to begin looking for that perfect investment outside of China. One company that is taking advantage of the favorable conditions in the archipelago which consists of over 17,000 islands is the British Columbian firm of Ballard Power Systems.

The population of Indonesia exceeds 240 million, making it the world’s fourth most populated country after China, India and the United States. With a growth rate of seven percent annually, Indonesia is a nation that would be foolish for any businessman to ignore.

Indians are Asia’s Big Spenders Says Survey

August 1st, 2012

Indian business travelers have the second largest budget for spending per trip, with only Singaporean businessmen topping them, spending $339 versus $468, according to a recent survey.

The survey showed that the most important elements of a business trip to travelers from the Asia-Pacific region were the location, a free Wifi connection and competitive prices of hotel rooms.  Asian businessmen based their choice of hotels on the closeness of the hotel to the business venue, with 53% saying it was an important feature of their choice. The presence of Wifi influenced their decision of where to stay 49% of the time, while competitive rates were slightly less important, with 46% saying that fact influenced their decision.

Thailand is the up and coming star as a top business destination according to the survey, which was conducted by Accor Asia-Pacific Business Traveler. The most visited destination today is Hong Kong, with Singapore following closely in second place.

The survey was done during July 10-16 and asked 2,500 travelers from a total of nine countries in the Asian region, including Australia, China, Hong Kong, India, Japan, New Zealand, South Korea, Singapore and Taiwan. All the respondents made business trips during the first half of 2012.