Spire E-Newsletter Winter Issue 2018
15 June 2017
On 15 June, Spire and Yamada Business Consulting (YBC) jointly held a seminar at The Japanese Association in Singapore to give insights on emerging trends for India’s economy. The seminar aimed to raise understanding of market opportunities in light of events such as the roll-out of GST in India and President Donald Trump’s victory in the U.S elections.
Yasuyuki (Luke) Kita, General Manager at Yamada Business Consulting Singapore, addressed the session to discuss current business trends in India in light of developments such as Trump’s victory in the U.S. election.
Kita-san highlighted the impact on India’s economy of the recent Rupee demonetization of high-value currency notes, the introduction of a single Goods and Services Tax (GST) along with the Make In India initiative launched by the government to attract more investors.
He also highlighted the Digital India Program, which aims to transform the nation into a digitally empowered society, nurturing startups and co-innovation.
Spire hosts first Client Entertainment Night of the year
26 May 2017
Spire Singapore hosted its first Client Entertainment Night of the year. Our business associates and partners joined us for a dinner reception followed by the movie screening of “Pirates of the Caribbean: Dead Men Tell No Tales” – Disney’s fifth installment in the Pirates franchise.
The event was held at Cathay Cineleisure Orchard. It was an opportunity for everyone to let their hair down and take a break from the office.
In the movie, Johnny Depp returned to the big screen as the iconic anti-hero Jack Sparrow. Captain Jack is down on his luck when deadly ghost sailors escape – led by the terrifying Captain Salazar – determined to kill every pirate at sea. His only hope lies in the Trident of Poseidon.
The highly anticipated adventure flick, the good food and even better company made for a great evening enjoyed by all.
A breakfast seminar jointly held by Spire and YBC focuses on smart use of market and industry research to drive SME growth
4 May 2017
On 4 May, Spire and Yamada Business Consulting (YBC) jointly held a breakfast seminar in Singapore to share ideas on how Small and Medium-sized Enterprises (SME) can drive growth using smart market and industry research.
Japnit Singh, Deputy Chief Executive Officer at Spire Research and Consulting, discussed how market research decisions impact different operating functions within a typical SME and what kinds of research techniques are commonly used, together with the pitfalls associated with each.
Singh highlighted how market research can go beyond customer analysis at manageable cost if the business objective is clear, although the analysis of internal data and business intelligence can only provide limited information.
To maintain the accuracy of market research data, a few pitfalls should be avoided. It is crucial to avoid asking the wrong questions, targeting the wrong respondents and over-emphasizing sample size, to name a few.
Spire shares insights on e-shopping prospects in Indonesia
27 February – 5 March 2017
As more users explore e-shopping and e-payment options, retailers are transforming the online e-shopping experience in Indonesia. Jeffrey Bahar, Group Deputy Chief Executive Officer of the Spire Research and Consulting group, was honored to be a guest speaker at GATES Indonesia ICT Reseller Channel Summit 2017 on e-commerce opportunities in Indonesia.
In his presentation, Bahar shared his insights on the growth of modern retail turnover in Indonesia, focusing on consumer trends and the e-payment eco-system.
Bahar mentioned that the growth of modern retail for 2017 was 10%, contributing 5.4% to Gross Domestic Product (GDP). With 88.1 million internet users in 2016 (34% of Indonesia’s population), the number of Indonesian online shoppers grew from 7.4 million in 2015 to 8.7 million in 2016.
Methods used to pay for on-demand services in 2016 were cash (69%), e-money via applications (28%) and credit cards (12.46%).