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And junk food bans in the UK foreshadowed in Singapore. The new Labour Government in the UK has confirmed it will go ahead with a plan to ban advertising for foods and drinks high in fat, sugar and salt, dubbed HFSS. This is something that Singapore has had in place, for sugary drinks at least, since 2020. Man-Chung, any learnings for the UK on this one? Man-Chung Cheung (07:31):.

Last year, four of the 28 markets we break out saw negative growth (Hong Kong, Singapore, Thailand, and Chile), and Germany was essentially flat. This year, every country will grow ecommerce sales by at least 3.0%, as the trend of economic stabilization cascades around the world. The US, China, and Western Europe lead the rest of the world in total sales by a wide margin.

The survey was conducted in Australia, Brazil, Canada, China, France, Germany, India, Japan, the Nordics, Mexico, Singapore, South Korea, Taiwan, the UK, and the US.

Brazil will also be home to the world’s third-most-penetrated cross-border buyer market this year, behind only Singapore and Canada, per our forecast. Listen Next. Around the World: Economic effects on retail and ecommerce. Around the World: The international forecasts of past (2023), present (now), and future (2024).

These are the findings from a survey of 9,000 consumers in Australia, Canada, Germany, Hong Kong, Italy, Saudi Arabia, Singapore, the UK, and the US, conducted in October 2023 by Opinium Research. By the numbers: In this survey, customers’ reasons for choosing their primary banks aligned with our previous findings.

There are major obstacles to developing ecommerce in the country, but in 2026, the Philippines will surpass Singapore in total ecommerce sales. What’s Inside. This report is part of a global ecommerce series and contains our latest forecast for ecommerce in six countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) in Southeast Asia through 2027, where possible.

Thailand and Singapore are the next most interesting options. By 2026, Thailand’s ecommerce market will near $20 billion. Singapore will remain small, but by then, over 15% of its retail sales will transact digitally—an enticing figure for such a wealthy population.

Given their relative sizes, Indonesia underspends on advertising, and Singapore overspends. Indonesia is the overwhelming leader in the region when it comes to ecommerce and other digital activities. But it’s not as dominant in overall ad spending. Every country in the region is lagging in the digital transformation of its ad industry.