Welcome Managing Director Shankar Shivaprasad Co-founder & CEO Shashank M Chief Editor Ujal Nair Assistant Editor Kevin Thomas Laura Edwards Head of Operation James Head of Production Tom Hanks Head of Research Catherine D’Souza Head of Media Sales John Smith Advertising Contact Info@wboutlook.com Content Managers Sathya Narayana B Madhulika Pandey Business Developers Daisy Cooper, Mark Cooper, Justin Wong, Elena Davis, Eric Thomson Graphic Designer Chandan R Video Editor Nelson Caitan Accounts Manager Steve Smith Office Address 32 Pekin St #05-01 Singapore 048762 Phone: +65 86159608
............. Note From EDITORIAL Welcome to the Annual Edition of the World Business Outlook Magazine, which features articles written on banks, real estate & property development companies, online trading platforms, financial institutions, start-ups, commercial enterprises, fintech companies, airlines, healthcare organization, interior design companies, companies dealing in cybersecurity software programs, and corporates. Since beginning its operations in 2020, World Business Outlook Magazine has grown to be one of the most credible current affairs magazines in diverse sectors. The World Business Outlook Digital Magazine was started with a vision to identify, reward and popularize the new products, services and events of small to medium class companies across diverse sectors. Every business, be it small or large, traditional or recent have always been influenced by the political situations in the globe. Though we are a vital part of the News & Information industry, we have always focused on giving the brighter side of the picture to our loyal readers and business syndicate members. Be it a start-up, established business conglomerate or a professional who followed his/her dream to create a new pathway, product or service that gives the solution to the target audience, we are interested in making their names a household name in their own sector. Yes, our team had a tough time finding out the best companies from various industry sectors, but the leader of the pack is Prime Point LLC, the driving force behind BigBoss Financial online trading institution. We have carried out a special interview with the CEO of the Company, Christopher Jason, regarding online trading services. BigBoss Team has included new and user-friendly technologies in their services to suit the investor needs. By tuning in to the requirements of their clients, they has won three awards this year from World Business Outlook. If BigBoss has gained a cult following in the online trading platform, there are companies such as VPS Securities, which have earned a reputation in securities brokerage, financial services and other sectors. We have FBS that has won a good reputation in the Forex Industry and an esteemed title at our annual awards. As you flip the pages in the magazine, you will discover global companies from various industries. You will get to know the reasons why World Business Outlook has given them the Award Titles they deserve. Once again, we welcome you all to World Business Outlook Awards 2023 at Marriott Marquis, Queen’s Park, Bangkok. November 25 is going to be a memorable day for all of us.
Be sure to check out our website at
www.worldbusinessoutlook.com
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14
Lucrative Prospects of Saudi Arabia’s Thriving Real Estate Market
17
Thailand’s Financial Landscape: The Rise of Sustainable Banking
22
The Rise of Copy Trading: Revolutionising The Way We Invest
26
Asian Tourism Boosts Demand For Low-Cost Airlines
32
Bashundhara Housing: Pioneering a Sustainable Urban Paradigm In South East Asia
37
Egyptian Banks Driving The Country’s New Financial System
CONTENTS Cover Story
17
‘BigBoss has the resources and capacity for global financial inclusion’
Christopher Jason CEO of BigBoss
Sustainability
The Eco Titans: How a Sustainable Conglomerate is Revolutionising Business
The concept of sustainability has gained importance
sustainability, by implementing it at all stages of its
in today’s dynamic environment. Businesses all around
business operations, from analysis and advancement,
the world are seeing the importance of incorporating
structuring, manufacturing processes, and dispatching
sustainable practices into their daily operations.
the products to consumers. With the aim of reducing
Organisations are committed to securing a promising
environmental pollution, TPI Polene emphasizes on the
future while fostering economic development, social
3Rs (Reuse, Remanufacture, Recycle), thus minimising
progress, and environmental protection. Sustainable
the use of resource inputs, mitigating waste, pollution,
business practices are a cornerstone of Thailand’s
and reducing carbon emissions by using renewable
activities.
variety
energy in the production process. To support the
of sustainable practices across its wide array of
nation’s agriculture sector, TPI Polene Group also
enterprises, from waste management systems to
strives to increase the group’s production efficiency
energy-efficient production methods. By reducing
and output under the concept of renewable biological
its environmental impact, it aims to protect the
resources and the conversion of these resources and
environment for future generations.
waste streams into value-added goods.
Thailand continually discovers innovative and effective
Recognising this unwavering commitment, World
ways to do business sustainably by utilising the power
Business Outlook honoured them with the eminent
of cutting-edge technologies. A creative mindset
title
penetrates every aspect of company operations,
Thailand 2023. TPI has championed the initiatives to
from renewable energy solutions to circular economy
promote responsible, sustainable practices. It strongly
concepts, ensuring a sustainable future.
believes in the power of community empowerment. By
Thailand
has
incorporated
a
of
Most Sustainable Conglomerate Group
prioritising the well-being of the society it operates in,
Building a Greener Future
the conglomerate has built a strong foundation of trust and goodwill amongst its stakeholders.
Thailand has made notable progress in the field of renewable energy. It has advanced to the forefront
Leading the way
of the use of renewable energy through strategic investments
and
collaborations
with
solar
and
As the world grapples with pressing environmental
wind power companies. Various corporations have
and social challenges, Thailand stands as a shining
catalysed the shift to a greener and more sustainable
example of corporate sustainability done right. Through
energy landscape by utilising the nation’s enormous
its expertise, authority, and trust, it has embraced
natural resources.
sustainability as a core business value. By prioritising sustainable
06
practices,
driving
innovation,
and
One such organisation is TPI Polene Public Company
spearheading pioneering initiatives, TPI Polene Public
Limited. TPI Polene Group is committed to the circular
Company Limited is paving the way for a brighter and
economy, which is a key component for global
more sustainable future.
Marketing
Transforming Communication: The Potential of Integrated Marketing Communication on Businesses Staying connected is no longer a luxury in today’s
companies of all sizes. Various marketing organisations
fast-paced digital society but a necessity. Individuals
from Asia Pacific are helping businesses expand by
and companies rely on service network providers
helping them foster branding across all platforms,
to
stay
reinforcing the company’s image, and building trust
connected with the rest of the world. Marketing has
and credibility among consumers. One such notable
evolved dramatically, particularly with the advent of
example is DDB Group Philippines.
communicate,
obtain
information,
and
technology-driven social media marketing. Marketers can no longer rely only on advertising and simple
DDB Group Philippines has been serving the nation for
promotions to make their brand popular among end
more than three decades now. It has been one of the
users. They need to integrate effective marketing
first IMC service providers in the Philippines. In all the
strategies using relevant marketing tools to promote
years of providing business solutions to clients, DDB
their brand for improved results and increased
Group has evolved into a full-service communication
productivity. Integrated Marketing Communications
company with services that include advertising, digital
(IMC) has emerged as a game-changer, allowing
media activation, PR, and other speciality agencies.
network providers to develop impactful, integrated,
DDB Group Philippines stands as a beacon of creative
and customer-centric marketing campaigns.
brilliance, inspiring not only the advertising industry but also aspiring marketers and creative professionals. In
An integrated marketing communication strategy
recognition of the company’s accomplishments, World
integrates
and
Business Outlook bestowed on them the title of Best
instruments to convey a consistent message to the
Integrated Marketing Communications and Services
target audience.
Network Provider Philippines 2023.
IMC is highly helpful in communicating their company
To wrap things up:
numerous
marketing
channels
values, services, and unique selling propositions across numerous platforms by combining traditional
As technology advances, harnessing the potential
advertising, digital marketing, and public relations,
of
as well as social media and other communication
service network providers wishing to prosper in the
methods.
digital era, enabling continuous connections for
Communication for better business growth
IMC
will
become
increasingly
important
for
consumers and organizations globally. With the everevolving advertising landscape in Southeast Asia, one can only anticipate the remarkable campaigns
Since marketing is all around us, businesses are willing
and groundbreaking ideas that will emerge from
to spend millions on advertising their brands. No matter
powerhouses such as DDB Group in the future.
how big or small the company, advertising is vital for
07
Cover Story
‘BigBoss has the resources and capacity for global financial inclusion’ Christopher Jason CEO of BigBoss
A CFD broker is a financial services company that provides traders with access to the foreign exchange (forex) market through contracts for difference (CFDs). CFDs are derivative
contracts
that
allow
traders to speculate on the price movements of forex pairs without owning the underlying assets. CFDs are traded on margin, which means that traders only need to deposit a small percentage of the total value of the contract to open a position. This allows traders to gain exposure to the forex market with a relatively small initial investment.
08
Cover Story CFDs offer several advantages for forex traders,
Trading platform: The CFD broker should offer a trading
Leverage: CFDs allow traders to use leverage to amplify
trader.
including:
platform that is easy to use and meets the needs of the
their profits and losses. For example, a trader with a
Customer support: The CFD broker should provide
leverage ratio of 100:1 can control a position worth
good customer support.
$100,000 with a deposit of only $1,000. Liquidity: The forex market is one of the most liquid
It is also important to read the CFD broker’s terms and
markets in the world, and CFDs allow traders to access
conditions carefully before opening an account. This
this liquidity with ease.
will help the trader to understand the risks involved in
Flexibility: CFDs can be used to trade both long and
CFD trading and their rights and obligations as a client.
short positions, and traders can close their positions at any time. Transparency: CFD prices are transparent and are typically based on the underlying interbank market prices.
The CFD broker market is expected to grow significantly in the coming years, driven by several factors, including:
Increasing popularity of CFD trading: CFD trading is
The role of a CFD broker in forex trading
becoming increasingly popular among retail investors
CFD brokers play an important role in forex trading by
to speculate on the price movements of a wide range
providing traders with access to the forex market and
of assets, including stocks, indices, commodities, and
offering a range of trading tools and services. Some of
currencies, without owning the underlying asset.
the key services provided by CFD brokers include: Execution of trades: CFD brokers execute trades on
due to its flexibility and leverage. CFDs allow traders
Growing adoption of mobile trading: Mobile trading platforms are making it easier for traders to access the
behalf of their clients.
market and execute trades on the go. This is driving
Provision of trading platforms: CFD brokers provide
the growth of the CFD broker market, particularly in
their clients with trading platforms that allow them to place and manage their trades. Margin accounts: CFD brokers provide their clients with
emerging markets where mobile penetration is high. Technological
advancements:
CFD
brokers
are
margin accounts, which allow them to trade on margin.
investing heavily in new technologies to improve
Customer support: CFD brokers provide customer
their trading platforms and offer new features to their
support to their clients, which can be helpful for new
clients. This includes using artificial intelligence (AI) and
and experienced traders alike.
machine learning (ML) to provide traders with real-time insights and personalized trading recommendations.
Choosing a CFD broker When choosing a CFD broker, it is important to consider the following factors: Regulation: The CFD broker should be regulated by a reputable financial authority. Reputation: The CFD broker should have a good
Other trends that are driving the growth of the CFD broker market include: Rising disposable incomes: Rising disposable incomes in emerging markets are creating a new pool of potential CFD traders. Increasing financial literacy: Increasing financial
reputation in the industry.
literacy among retail investors is leading to a greater
Fees: The CFD broker should charge reasonable fees
awareness of CFD trading and its potential benefits.
and spreads.
09
Cover Story Favorable regulatory environment: Many regulators
professionals.
around the world are introducing new regulations to protect CFD traders. This is helping to boost confidence
BigBoss is known for its exceptional services, which
in the market and attract new participants.
include: Quick account opening: Customers can open an
Regional Trends
account and start trading in more than 80 currency pairs including Bitcoins.
The CFD broker market is proliferating in all regions,
Rapid deposit and withdrawal services: BigBoss offers
but Asia-Pacific is expected to witness the fastest
a variety of deposit and withdrawal methods to ensure
growth in the coming years. This is due to several
timely settlement of transactions.
factors, including rising disposable incomes, increasing
Top-class execution: BigBoss uses trading servers
financial
provided by Equinix, a trusted name in the financial
literacy,
and
a
favourable
regulatory
environment. Similarly, even the European CFD broker
industry.
market is also expected to grow significantly. This is due
Customer support in multiple languages: BigBoss
to the increasing popularity of mobile trading and the
offers
growing adoption of new technologies by CFD brokers.
Japanese, and Chinese.
multilingual
customer
support
in
English,
The North American CFD broker market is relatively mature, but it is still expected to grow rapidly in the next few years. This is due to the increasing popularity of CFD trading among retail investors and the growing adoption of mobile trading.
A Leader Who Makes the Difference Prime Point LLC, the driving force behind BigBoss, has been recognized by the International Business Magazine, a Dubai-based online business portal, for its superior forex and financial services. Over there,
In 2022, BigBoss conducted an annual campaign
for the fourth consecutive year, BigBoss has won
offering deposit bonuses totalling up to USD 20 million.
three prestigious awards: ‘The Fastest Growing Forex Broker St Vincent and the Grenadines 2023’, ‘The Best Forex Broker St Vincent and the Grenadines 2023’, and ‘The Best Forex Trading Experience St Vincent and the Grenadines 2023’. These accolades underscore BigBoss’s impressive business results in 2022 and has garnered attention from World Business Outlook for
company
also
launched
its
cryptocurrency
exchange platform, CRYPTOS, which provides seamless trading experiences all year round. Additionally, BigBoss issued its proprietary token, BBC (BigBoss Coin), which affords its holders numerous benefits. BigBoss values customer feedback and is continuously
consideration to its Annual Awards for 2023.
striving to enhance its service quality. The company
BigBoss is a forex trading platform founded and
platform based on the client’s suggestions, which
has developed the “BigBoss QuickOrder”(BBQ) trading
operated by Prime Point LLC. The company offers a wide range of products and services, including forex trading, cryptocurrency
exchange,
and
proprietary
token
issuance. BigBoss is committed to providing a safe and reliable platform for all traders, from beginners to
10
The
supports MT4 and MT5 platforms and is currently being upgraded. It will be released in the future. BigBoss also ensures efficient communication with its clients by offering real-time chat services and multilingual support.
Cover Story BigBoss is a cryptocurrency company that has
Here is an exclusive interaction with the CEO of BigBoss,
achieved significant milestones in recent years.
Christopher Jason who shared a few valuable insights
Q4 2021
with us on the occasion of his big announcement at
BigBoss initiated the development of BigBoss COIN
World Business Outlook Awards 2023. BigBoss has been
(BBC) and began planning for the implementation of
entitled with three awards from us for their exceptional
MT5 and the development of a smartphone trading
financial brokerage services. The award titles are -
app. Additionally, BigBoss proposed a renewal for the
•
Grenadines 2023
SPOT DIGITAL ASSET TRADING PLATFORM “FOCREX”. • Q1 2022 BigBoss prepared the backend for MT5 implementation and developed the BigBoss official trading app.
Most Recommended CFD Broker St. Vincent & the Best Cryptocurrency CFD Broker St. Vincent & the Grenadines 2023
•
Most Transparent Forex Trading Platform St. Vincent & the Grenadines 2023
Additionally, BigBoss prepared for the renewal of the SPOT DIGITAL ASSET TRADING PLATFORM.
Here are the excerpts from the exclusive Q&A session
Q2 2022
Q.As the CEO of BigBoss, can you kindly explain the
BigBoss rolled out the MT5 platform and launched
online security measures taken to ensure the safety of
the BigBoss official trading app. “BigBoss QuickOrder”.
the investors, traders and portfolio managers?
Additionally, BigBoss launched a user point system.
Ans. As the CEO, I am actively promoting awareness of online security among all employees and am making
Q3 2022
continuous efforts to reduce the risk of information
BigBoss launched the renewed SPOT DIGITAL ASSET
leakage to nearly zero by consulting external experts.
TRADING PLATFORM “CRYPTOS” and distributed BBC to
As a result, our registered users can use our services
users.
with peace of mind.
Q4 2022
Q. As the leader of a trading platform that has won
BigBoss conducted an ICO (Initial Coin Offering) for
many awards, how important do you feel is to build
BBC.
investor trust for your products? Ans. We believe that gaining the trust of investors is of
2023
utmost importance. We believe that increasing user
BigBoss listed BBC on CRYPTOS, added support for
satisfaction leads to greater brand credibility, which
BBC deposits, and offered extra credit to users who
is why we continually listen to the opinions of our
deposited with BBC. Additionally, BigBoss plans for
users and strive to improve our services and product
implementation of many BBC-related features and
development. I believe this commitment has also
development of other services.
contributed to our recent award.
BigBoss has made significant progress in recent years,
Q. What are the new and user-friendly technological
and the company is well-positioned for continued
innovations we can expect in the future from BigBoss
growth in the future. Overall, BigBoss is a leading CFD
services?
broker with exceptional services and a commitment to
Ans. We plan to introduce an innovative service that
customer feedback and innovation. The company is
adopts specifications to suit our users’ needs and
well-positioned to continue its growth in the years to
requests. I believe it will be a service that will satisfy you,
come.
so please look forward to BigBoss.
11
Cover Story
12
Cover Story Q. How do you propose to make BigBoss the No.1 CFD broker in the fiercely competitive online trading industry? Ans. We believe that to become the number one CFD broker, it is essential to visualize the future of the market, accurately grasp industry needs, cultivate personnel who can respond sensitively to these needs, and have them work together as a united part of the BigBoss family. Q. What advice would you like to give to enthusiasts who want to make profits and create a passive income via online trading? Ans. It is important to find a broker that offers services with specifications that suit your trading style. Our company has been awarded in three categories, including the Best Cryptocurrency CFD Broker St. Vincent & the Grenadines 2023. We believe that by using BigBoss, which has been widely recognized for its high reliability and transparency, you will be able to profit safely. BigBoss conducts its business centered around a group company located in Canada and has also acquired a financial license in Georgia. As we conduct our business globally, individuals from various countries can engage in FX trading as users of our company.
13
Real Estate
Lucrative Prospects of Saudi Arabia’s Thriving Real Estate Market The Kingdom of Saudi Arabia, with its rich cultural
be sustainable and efficient. The cities of Riyadh,
heritage and booming economy, is not only a global
Jeddah, and Dammam are witnessing extensive urban
economic powerhouse but also a promising hub for
development projects, leading to a surge in demand
real estate investments. In recent years, the Saudi
for residential apartments, office spaces, and retail
Arabian real estate sector experienced remarkable
outlets. Additionally, the increase in e-commerce
growth, driven by various factors such as government
activity is also having a significant influence on the
initiatives, urbanization, and a growing population.
real estate industry, increasing demand for warehouse and distribution facilities. As customer expectations
With the launch of Vision 2030, the sector is undergoing
for on-time delivery rise, a focus on last-mile logistics
significant transformations as part of the initiative. This
becomes critical. Saudi real estate developers are
ambitious plan aims to diversify the country’s economy
aggressively capitalising on this trend by strategically
and reduce its dependence on oil by promoting
situating logistics centres and warehouses near
sustainable growth across various sectors, including
population centers.
real estate. The government’s initiatives are centred on building up new cities, improving infrastructure, and
Fundamentals of the market
increasing tourism, all of which foster an atmosphere that is favourable for real estate investments. The
Post-COVID-19, the sector has seen a major rise in
Kingdom’s environment is about to change as a result
numbers, all thanks to increased tourism, government
of initiatives like NEOM and the Red Sea Project, which
spending on infrastructure, and the never-ending
will present enormous potential for investors and
demand for housing caused by rapid population
developers.
growth. The Saudi Arabian GDP grew by 8.6% in the third quarter of 2022, and the World Bank predicts that it will
Rapid urbanisation and population growth are creating
increase by 2.3% in 2023. This encouraging expansion
a huge impact on the real estate sector. As more people
is linked to Saudi Arabia’s booming real estate market.
migrate to cities in search of better job opportunities
According to recent research, the Saudi Arabian real
and an improved quality of life, there is a growing
estate market is projected to grow from USD 64 billion
demand for housing and infrastructure. To meet this
in 2023 to around USD 94 billion by 2028, at a CAGR of
demand, Saudi Arabia is investing in constructing
7.89 percent during the forecast period.
new cities and urban developments designed to
14
Real Estate
Representational Image
While the Saudi real estate market offers lucrative
Alandalus Property, has become a name synonymous
opportunities, it also presents challenges such as
with development. As a result of this dedication,
fluctuating oil prices, regulatory complexities, and
World Business Outlook put Alandalus Property in
market
the spotlight by awarding them the Best Real Estate
competition.
However,
these
challenges
are mitigated by the country’s strong economic fundamentals,
government
support,
and
Company Saudi Arabia 2023.
the
increasing demand for diverse real estate options.
The future of Saudi real estate is inextricably linked
Strategic investors who understand the local market
to
dynamics can navigate these challenges effectively. In
technology. Smart cities, technological breakthroughs,
light of these facts, a Saudi joint stock firm, Alandalus
and
Property, has emerged as one of the leaders in the real
establishing a resilient and lucrative real estate market.
estate sector of the Kingdom of Saudi Arabia. Ever since
As Saudi Arabia works towards its Vision 2030 goals,
their inception in 2006, they have been contributing
the real estate industry is at the forefront of promoting
to shaping the real estate landscape in Saudi Arabia.
economic development, innovation, and sustainability,
Alandalus Property began its initial public offering (IPO)
strengthening the country’s status as a beacon of
on the Saudi stock exchange in 2016 with 30% of the
progress and prosperity in the Middle East region.
these
revolutionary
sustainable
developments
urbanisation
will
be
and
rising
critical
to
company’s shares, and it now has a capital of USD 248.8 million divided into USD 93.3 million ordinary shares.
15
Banking
Thailand’s Financial Landscape: The Rise of Sustainable Banking Thailand, located in the centre of Southeast Asia, is
implemented eco-friendly initiatives and supported
renowned for its vibrant and changing economy,
community development projects. The bank recently
breathtaking scenery, and rich cultural legacy. The
announced its intention to stop lending to fossil fuel
nation has come a long way in adopting sustainability
power generation companies. This step comes in line
in recent years, with the financial sector spearheading
with the bank’s efforts to cut down the indirect carbon
the movement. The banking sector of the nation shapes
emissions of around 1.68 million by 2050. According to
the economic landscape. With prominent players
recent reports, within the next three years, GSB plans
in the industry who not only cater to the domestic
to replace all of its oil-powered vehicles in Bangkok
market but also contribute significantly to the country’s
with EVs. This approach will not only help mitigate
international trade and finance.
environmental damage but will also encourage businesses to adopt eco-friendly strategies. In another
Established in 1913, the Government Savings Bank
milestone achievement, GSB and UNDP announced a
(GSB) of Thailand, the oldest in the country, has made
collaboration to attain sustainable development goals
significant strides in the banking industry for more than
by tackling the waste management system in Thailand.
a century. Catering to the financial needs of the Thai
By championing green banking and corporate social
people for the past 110 years, GSB works closely with
responsibility, GSB has set a benchmark for other
both public and private sector businesses. They started
financial institutions, highlighting the importance of
with the admirable goal of providing financial services
giving back to society and preserving the planet for
that were affordable to all societal classes. It has
future generations.
remained faithful to this promise over time, providing a broad range of financial services suited to the various demands of the Thai populace. From straightforward
Saluting the wholehearted dedication put forward
savings accounts to cutting-edge investing options,
by GSB, World Business Outlook again lauded the
GSB has consistently changed to stay up with the ever-
Government Savings Bank of Thailand and awarded
evolving financial scene. Acknowledging their hardcore
them with Most Sustainable Bank of Thailand 2023
efforts World Business Outlook honoured GSB as the
and Most Socially Responsible Bank of Thailand 2023.
Best Savings Bank of Thailand 2023.
With an eye towards the future, GSB will keep upgrading itself, embracing new technologies, and promoting a
Banking for a better tomorrow
financial literacy culture that will strengthen people’s lives and communities throughout the nation. The
Beyond financial services, GSB has also been at the
Government Savings Bank has a legacy, which is not
forefront of promoting sustainable banking practices.
just about financial transactions; it’s about transforming
Recognising
lives, fostering dreams, and building a brighter future
the
importance
of
environmental
conservation and social responsibility, the bank has
for Thailand and its people.
17
Finance
The Traders Toolbox: Mastering the Markets with the Right Trading Platform
The importance of Introducing Brokers (IBs) has grown
bringing clients to FBS and earning some of the highest
in the quick-paced world of financial markets. IBs are
commissions available. This is the best option for
essential in helping private investors gain access to
individuals who are aiming to launch their own company
the financial markets. The popularity of introducing
and generate a reliable source of income. It facilitates
brokers worldwide is growing along with the need for
a smooth transition with its most recent introduction of
Internet trading. A financial middleman, known as an
a more transparent commission distribution scheme.
introducing broker, presents customers to a brokerage
Thus adapting to the dynamic market conditions and
business, usually associated with internet trading. These
keeping focus on their growth and success.
brokers give people the resources and skills they need to trade, assisting them in navigating the complicated
In recognition of their efforts, World Business Outlook
world of financial markets. Global online broker FBS is
named FBS the Best IB Partnership Program Global
known worldwide and serves as a dominant platform
2023. By
for IB Partners.
competitive trading conditions, FBS is opening up
providing
customised
assistance
and
financial markets to a wider audience and influencing This referral program allows one to participate by
18
the direction of online trading.
Finance
Africa’s gateway to profitable trading
Serving with smiles
In recent years, forex brokerage has experienced a
Southeast Asia is a thriving region and a major share of
notable surge in popularity and client activity in Africa.
the global economy. In Southeast Asia, client support
As the continent’s economy continues to develop,
refers to a broad range of offerings intended to help
more and more Africans are looking to take advantage
clients before, during, and following their purchase.
of the opportunities presented by the global forex
These services include responding to questions from
market. Global broker FBS aims to provide access to the
clients, handling problems or grievances, and offering
global financial markets to people of any background.
advice and solutions. Ensuring client happiness and
With the advancement of technology, individuals can
cultivating enduring loyalty are the objectives.
easily access the forex market from their smartphones or computers. Africans can now trade currencies,
With
varying
cultural,
linguistic,
and
economic
commodities, and other assets, which gives them the
landscapes, effective client support in this region
option to diversify their financial portfolios and possibly
requires a deep understanding of these nuances and
make significant returns.
the ability to navigate them successfully. With years of experience serving customers across different countries
The biggest economies of the African continent
and industries, client support teams in Southeast Asia
experience increased, infrastructure development and
have honed their skills in adapting to diverse customer
improved business environments, thus more investors
needs.
are looking to tap into these emerging markets. Forex brokerage offers Africans the opportunity to engage
Companies are putting a lot of effort into getting to
in the development of the region and benefit from the
know their customers and answering their questions.
growth of local industries. FBS also plays a crucial role
Numerous organisations are leading by example and
in promoting financial inclusion and empowerment of
offering top-notch services. FBS is at the forefront
trading communities across Africa, organising expert
thanks to its excellent support. It wants to give its
seminars and supporting industry events. Traditionally,
clients the smoothest and most comfortable online
access to financial services has been limited in many
trading
African countries, which makes these contributions
clock customer support. Questions can be answered
particularly valuable.
immediately because they are accessible through
experience
possible
through
round-the-
chat and a number of well-known messenger apps. FBS offers expertise and support to African traders, along with educational resources, market analysis, and
World Business Outlook awarded FBS the title of Best
personalised assistance.
Client Support Southeast Asia 2023 in recognition of their achievements. FBS places a strong focus on
World Business Outlook accredited their efforts to
developing connections with its clients and works
provide a safer trading environment and gave them
to earn their confidence. Building trust and loyalty
the title of Best Forex Broker Africa 2023. The desire to
therefore gives consumers a sense of value and
equip ordinary people with tools to participate in the
encourages them to stay in business.
global market, facilitate financial empowerment and increased economic development have encouraged FBS to strive towards their goal of offering top-notch services across Africa.
19
Technology
Leading the Way with Sustainable Design and Technological Innovation In recent years, we have witnessed a growing
team comprises experts in architecture, engineering,
global movement towards sustainable design and
urban planning, and technology, working collaboratively
technological advancement. This trend has become
to deliver cutting-edge solutions.
crucial, not only for the preservation of our environment but also for the long-term economic growth and
Their authority and trustworthiness are evident through
prosperity of nations. Egypt, with its rich history and
their impressive portfolio of successfully completed
promising future, is no exception to this transformative
projects. From sustainable building designs to smart
wave.
city solutions, they have left an indelible mark on Egypt’s urban landscape. Furthermore, their partnerships
By embracing sustainable practices, Egypt aims to
with reputable organisations and their involvement
address environmental challenges, reduce carbon
in national and international sustainability initiatives
emissions, and create a more inclusive and resilient
solidify their position as a trusted authority in the field.
society. Sustainable design encompasses various disciplines, including architecture, urban planning,
Their recent development and collaboration highlights
and engineering, and seeks to create buildings and
their technological advancement, thus staying at the
infrastructure that minimise environmental impact
forefront of industry trends. By integrating renewable
while maximising human well-being.
energy systems, eco-friendly materials, and smart technologies, they create sustainable and future-proof
Technological advancement plays a pivotal role in
solutions tailored to meet the unique needs of each
driving sustainability efforts forward. With the rapid
project.
evolution of technology, innovative solutions are emerging to tackle complex environmental and
Forbes International Tower sets itself apart from the
social issues. In Egypt, technology is being harnessed
competition, earning them the eminent title of Best
to optimise energy consumption, improve waste
Sustainable Design and Technological Advancement
management
Company Egypt 2023. As a result, creating a greener,
systems,
enhance
transportation
networks, and promote renewable energy sources.
more sustainable Egypt for generations to come.
By utilising it, Egypt can unlock new opportunities for sustainable
development,
leveraging
data-driven
Revolutionising Egypt: Empowering Sustainability
insights and cutting-edge solutions. In the pursuit of sustainable development, Egypt has Egypt’s Eco-innovators
recognised the vital role of sustainable design and technological advancement. Companies like Forbes
20
Forbes International Tower, a pioneering sustainable
International Tower are driving this transformation,
design and technological advancement company in
leveraging their experience, expertise, authority, and
Egypt, has established itself as a trusted partner for
trust to shape a bright and sustainable future. By
sustainable development initiatives. With experience
embracing innovative solutions and harnessing the
and proven expertise, they offer a diverse range of
power of technology, Egypt can build resilient cities,
services to unleash the potential of sustainable design
protect its natural resources, and improve the quality
and technological innovation. Their multidisciplinary
of life for its citizens.
Energy
Powering Towards Sustainability: Thailand’s Renewable Energy Revolution
Thailand’s renewable energy revolution is helping the
governance in order to manage the company for the
country move closer to a sustainable future. As the
balanced benefit of all stakeholders.
urgent need to move away from fossil fuels becomes more widely acknowledged, Thailand has embraced
The organisation is currently putting together a
renewable energy sources like solar and wind power to
power
fulfil its rising energy needs. It used to rely significantly
Electricity Authority. In keeping with the nation’s
on imported fossil fuels to meet its energy demands.
energy management development plan, it wants to
This dependence caused severe environmental harm
concentrate on the expansion of environmentally
in addition to making the nation subject to changes in
friendly, clean energy businesses that use solar and
the price of fuel on the international market. Thailand
wind energy to generate electricity. Its most recent
started moving in the direction of a cleaner energy
collaboration deal is for the development of a 61.226
system after realising the need for change.
MW solar power plant in the Saraburi manufacturing
purchase
agreement
with
the
Provincial
region. Thailand has made remarkable progress in diversifying its energy mix and reducing its carbon footprint. The
By suggesting renewable energy power projects, the
government has implemented various policies and
company aims to expand consistently and responsibly
incentives to encourage the use of renewable energy
in the green, clean energy sector. Identifying their
sources. Solar power has experienced rapid growth,
commitment and dedication, TPI Polene Power Public
with the country’s abundant sunshine making it an
Company Limited was awarded the esteemed title of
ideal choice for solar farms and rooftop installations.
Best Green Renewable Energy Power Plant in Thailand
Additionally, wind power has gained traction, especially
2023 by World Business Outlook.
in the coastal regions of Thailand. The establishment of wind farms has not only contributed to clean and
In a nutshell
sustainable electricity generation but has also created job opportunities and economic growth.
The Surging Green Revolution of Renewable Energy
With the announcement of carbon neutrality for 2050 and a target of net zero greenhouse gas emissions for 2065, Thailand has significantly raised its emission reduction goals. Meeting these targets will only be achieved if the power sector reduces carbon
A number of organisations are supporting Thailand’s
emissions as well, because it contributes significantly
ambitious plan for a better future. One of the top
to the nation’s pollutants and is essential to the
businesses focusing on sustainable growth is TPI Polene
decarbonisation of other sectors. Organisations are
Power Public Company Limited, which integrates the
putting a foot forward to meet this goal and are driving
Sustainable Development Goals (SDGs) with its growth
change to achieve a clean energy transition.
strategies and prioritises the economic, environmental, and social dimensions (ESG) based on good corporate
21
Trading
The Rise of Copy Trading:
Revolutionizing the Way We Invest The world of investment has been undergoing a
A Gateway to Global Trading Markets
dramatic transition every day in today’s fast-paced digital
age.
Traditional
trading
and
investment
The world of trading can be a labyrinth for newbies. A
strategies have given way to creative ways that use
lot of companies are eager to enter the market but are
technology to simplify the process for common people.
unaware of the trading scenario. In that case, there is
Copy trading is one such ground-breaking concept
a need for a helping hand to guide you through the
that has garnered substantial support in recent years.
rocky patches of the market. PRIMEX BROKER (PTY) LTD has emerged as a leading beacon for traders seeking
Copy trading, also known as social trading, is a type of
excellence, innovation, and reliability. Although it is a
online trading that allows investors to automatically
young company, it has quickly established itself as a
copy the trades of experienced and successful traders.
prominent name in the FX and CFD markets. PrimeX
It operates on a simple principle: novice investors can
Broker (PTY) Ltd has been serving as a link that connects
mimic the strategies of seasoned professionals, often
local traders to global financial markets. Established in
referred to as ‘gurus’ or ‘masters’, without having to
2022 as a new firm with an unwavering commitment
delve deep into the complexities of financial markets.
to transparency and integrity, the brokerage firm
Essentially, it allows individuals to replicate the trades
enables traders in the UAE to access a diverse array
made by expert traders in real time. The process of copy
of financial instruments, including forex and CFDs. This
trading is organised by specialised platforms. These
access to a wide range of markets empowers traders
platforms connect experienced traders with novice
to diversify their portfolios and explore various trading
investors. This, in turn, helps investors browse through
strategies. Copy trading, being one of their services,
profiles of different traders, assessing their performance
is widely popular. They offer a copy programme that
metrics, trading strategies, and risk tolerance. Once an
helps novice investors find a suitable trading strategy
investor identifies a trader whose approach aligns with
to diversify their trading portfolio. The new investor
their financial goals, they can allocate a portion of their
has the option of choosing the master trader based
funds to automatically replicate the trader’s positions.
on his return and risk management strategies. Hence, copying his orders and gaining profits without putting
Representational Image
22
Trading
Representational Image
in much effort. This copy programme is a gateway to
Acknowledging this profound contribution and its
successful businesss and PRIMEX BROKER (PTY) LTD
considerable market penetration in the past two years,
UAE doesn’t just stop at providing access to markets;
World Business Outlook, felicitated PRIMEX BROKER
it also invests in educating traders. The brokerage
(PTY) LTD with the title of Best Copy Program UAE 2023.
firm offers a comprehensive range of educational
PRIMEX BROKER (PTY) LTD stands as a trusted partner for
resources, including webinars, tutorials, and market
traders, providing them with the tools, knowledge, and
analysis. By imparting knowledge and insights, PRIMEX
support they need to thrive. By combining innovative
BROKER (PTY) LTD equips traders with the skills and
technology, educational initiatives, and a commitment
understanding they need to navigate the complexities
to customer satisfaction, PRIMEX BROKER (PTY) LTD is not
of the financial markets confidently. Safety and security
merely a brokerage firm – it is a catalyst for the growth
are paramount in the world of online trading and require
and prosperity of traders in the heart of the Middle East.
an experienced and seasoned player such as PRIMEX
As the world of trading continues to evolve, PRIMEX
BROKER (PTY) LTD which operates in strict adherence
BROKER (PTY) LTD remains at the forefront, shaping the
to regulatory standards, ensuring that traders’ funds
future of trading in this dynamic region.
are secure and transactions are conducted with the utmost integrity.
23
Real Estate
A Revolutionary in the Coworking Space of Thailand
Introduction
42,000 by 2024, as per a survey. The Asia Pacific region is the world’s largest market for coworking spaces and
Coworking spaces are the new disruption in the
leads with over 11,000 coworking office spaces. The
corporate structure and have proved to be beneficial
APAC region also has the highest number of people
over conventional office setups. Terms like ‘alternative
working per coworking space globally. Bangkok, the
office’, ‘workplace of the future’, and ‘flexible offices’,
capital city of Thailand, is ranked among the top 5 best
which
cities for coworking as per a survey.
were
once
associated
with
independent
contractors and fledgling firms are now the go-to solution for many global corporate houses.
The Rise of the Asian Coworking Space Player
Coworking spaces are quickly proving to provide a
Coworking Spaces first started in Thailand following the
distinctive and adaptable work environment that can
2011 floods which submerged most of Bangkok’s outer
increase productivity and success.
parts, forcing people to work from home. Gradually, coworking spaces rose to prominence in Bangkok
The History of the Origin of Coworking Spaces
and have since spread to other provinces as well. The coworking space market in Thailand is expected to
In the early 2000s, coworking spaces emerged as the
grow at a rate of 25% and is crowded with both local and
most viable solution over local cafes and cramped
international players. There are hundreds of coworking
houses. While traditional office spaces were the biggest
spaces in Thailand but The Urban Office is worthy of a
expense for startups in the 90s, with coworking solutions,
mention here.
their initial investment has gone down significantly today. The benefits of these flexible spaces transcend
A Visionary in the Coworking Space of Thailand
across different generations of the workforce, various geographical locations, and many industrial sectors.
The Urban Office aims to reinvent the experience of working in the modern world by providing thoughtfully
Current Global Scenario of Coworking Spaces
planned, reasonably priced coworking and flexible workspaces. Their mission is to create workspace and
As per a popular report, in the year 2017, the number
business solutions that are specifically tailored to the
of people working in coworking spaces crossed one
needs of freelancers, entrepreneurs, start-ups, SMEs,
million worldwide. Today, approximately 3 million
and multinational corporations.
people are using coworking spaces, which is further
24
expected to grow at a CAGR of 13.0% annually to 5 million
The Urban Office provides a plethora of office space
in the coming years. Currently, there are about 19,000
solutions such as Serviced Office, Coworking, and Virtual
coworking spaces globally, which will increase to about
office plans. Members get access to high-speed internet
Real Estate or locally hosted servers over gigabit cable or wireless connections thanks to a network architecture built to enterprise standards for modern communication. Voice and data technologies are combined for greater effectiveness, productivity, and cost savings. Customers benefit from dedicated high-speed VOIP and WIFI telecommunications solutions. The firm is committed to the belief that as our lifestyles change, so must the way we work. A workplace, by its vision, is an atmosphere where extraordinary individuals and brilliant ideas come together in addition to where work gets done. It requires space, time, and the correct environment to grow, just like any great idea. This vision and mission of the company earned them the coveted honour of the Best Coworking Space in Thailand 2023 by this Singapore-based business magazine, World Business Outlook. The Urban Office creates a workplace sanctuary that will allow you to unwind and concentrate on achieving success in all of your endeavours by blending professionalism with modern amenities while keeping the pricing economical and customizable.
25
Aviation
Asian Tourism Boosts Demand for Low-Cost Airlines
The Aviation sector in Southeast Asia (SEA), especially
constraints, and more. Today, with the surge in demand
for booming economies like India, Singapore, Indonesia,
for popular Asian tourist hubs, low-cost carriers are all
Thailand, Malaysia, Vietnam, Philippines, has witnessed
set to expand their air routes.
a huge surge in Low-Cost Carriers (LCCs). They have emerged as the core lifeline for all these tourism-
Thailand is one of the biggest tourist destinations in
dominated hubs.
the world. Due to its favorable location in the South Representational Image
China Sea, it connects Southeast Asia with Europe, Asia-Pacific, and the Middle East. Making it a booming Domestic and International LCC Market. Thai Lion Mentari Co. Ltd or Thai Lion Air is one of the most popular
Budget-friendly Airlines operating in
Thailand since its inception in 2013. Thai Lion Air has built its reputation for superior in-flight services at the The SEA Aviation Market is poised to touch a staggering
best possible prices. Born from the alliance of Thai
USD 43.57 Bn in 2028 from USD 34.40 Bn in 2023. Thus,
Partners, an associate of Indonesia’s Lion Air, with the
accounting for an overall surge of 4.84% CAGR for
slogan of ‘Freedom to Fly’, Thai Lion Air serves more
the estimated time frame of five years (2023-2028).
than 20 million passengers annually. Today, Thai Lion
Reportedly, the global low-cost airline industry is all set
Air is the preferred airline carrier to some of the top
to reach USD 440.46 Bn by 2030 at a CAGR of 10.4%.
tourist destinations across Southeast Asia.
LCC Landscape And Success Pointers In Asia Pacific
As a budget-friendly carrier, Thai Lion Air offers one of the best legroom, comfort seats, and in-flight infotainment
Transition phase from leisure traffic operators to
systems for its passengers. It is operational across all
corporate class upgrade: The low-cost and economic
major Asia Pacific destinations with one of the highest
class fleets in recent years have been transformed from
operational traffic from Thailand. It is also one of the
just regional air carriers to long-distance corporate
most trusted airline brands for daily flights from China
class carriers specifically targeting elite business
and Japan. Thai Lion Air has a large fleet of widebody
clients.
aircraft with the addition of new ones in 2023 for China, India, and more.
Multiple destinations covered at an economical
26
budget: Gone are the days when Low Budget Carriers
They received the honorable accolade of Best Low-
were only confined to the regional boundaries due to
Cost Carrier Thailand 2023 from World Business
low fuel load, lesser passenger safety, entertainment
Outlook.
Hospitality Investment
Investment Banking in Vietnam: Decoding the Land of Opportunity
Vietnam has recently become an investment hotspot,
and financial investment sectors have contributed
attracting the attention of the global investment
4.76% of the country’s GDP, equivalent to more than
community. The finance and banking industry in
VND 450 trillion.
Vietnam has constantly developed and contributed greatly to the Vietnamese economy.
In just a short time, Vietnam has established itself as one of the fastest growing emerging economies in the
72 28
According to a report from the General Statistics Office
world. According to IMF forecasts, in 2023, Vietnam will
of Vietnam, by the end of 2022, the finance, insurance
rank third in Southeast Asia in terms of economic size,
Hospitality Investment
and the GDP is expected to increase by 6.2%. Especially,
VPS Securities provides trading platforms and advisory
after the Comprehensive Strategic Partnership with the
services to individuals and institutional investors.
United States, Vietnam has further asserted its position
Moreover, they provide investment advisory services,
and hoped to take advantage of the opportunity to
giving insightful recommendations to investors on
attract more foreign direct investment.
stock trading, portfolio management and investment strategies.
The capital market in Vietnam has played a major role in supporting manufacturing and exporting that
Not only focusing on business activities, over the past
Vietnam has been witnessing in the past one decade.
time, VPS Securities also has emphasized sustainable
This sector is playing a vital role in converting Vietnam
values. VPS Securities has started proactively since
into a high-income country by 2045 with an expected
2022 on researching and planning to implement ESG.
annual average rate of 5.9 percent. The investment
The company has actively built a working group to
banks and the stock brokerage sector are tapping into
implement 17 sustainability initiatives.
the domestic as well as the foreign entities. Currently, they are playing an important role in In Vietnam, VPS Securities Joint Stock Company is the
Vietnam’s financial market, providing essential services
leading securities firm. Established in 2006, over 16 years
to investors and contributing to the development of
of establishment and development, VPS Securities has
the country’s capital market. VPS Securities operates
always maintained the spirit of continuous creativity
in accordance with regulations regulated by the State
and innovation to keep up with the development of the
Securities Commission of Vietnam. Compliance with
modern world and create an ecosystem of outstanding
these regulations is crucial to maintain the company’s
products and services to flexibly meet the constantly
reputation and ensure the protection of investors’
changing needs of customers.
interests. They are working tirelessly to develop new initiatives to meet the various interests of Vietnam’s
VPS Securities primarily caters to businesses and
population. Recognizing the company’s efforts, World
investors with a portfolio that includes: stock brokerage,
Business Outlook has named VPS Securities the Best
financial services, investment banking and more. Over
Investment Bank in Vietnam 2023.
the years, VPS Securities has proven its expertise as one of the most reliable financial intermediary. Its core business comprises of Institutional Brokerage, Investment
Banking,
Research,
Retail
brokerage,
Wealth Management and other Financial services. Its financial services include capital arrangement, securities underwriting, mergers and acquisitions (M&A), consulting on business valuation, corporate restructuring, and debt management. VPS Securities is proud to have a team including highly qualified professional personnel who are always ready to support every individual and institutional customer to make the most informed investment decisions, helping customers get a prosperous financial background.
73 29
Technology
Implementing ERP Technology in Business Operations to Achieve Efficiency Since the early ages, businesses have always tried their best to complete their daily operational tasks within
the target audience on time
•
Pharmaceutical – Strict validation process design
a specified time frame or deadline. They have used
in production of drugs as per the international
traditional methods such as hiring additional experts,
standards
to complete the job. In recent
times, businesses
•
Plastics – Ensures the operation process get
belonging to any industry have relied on Enterprise
streamlined as per client requirements to produce
Resource Planning (ERP) Technology to manage daily
the final products.
operations efficiently and save time. The global ERP market is said to have crossed more than 42 billion in 2020 and, as per experts, it can reach nearly 117 billion in 2030. The CAGR rate is said to be growing at a rate of nearly 10 percent. The real demand for ERP came during the Covid-19 pandemic. With the majority of companies having to make their staff work from home, the work schedules and timelines became haywire. However, things
With Cloud ERP, Azentio Software can cater to the
worked as usual for the companies who had already
various needs of diverse industries and enhance
implemented ERP in their operations. ERP solutions
efficiency
were usually implemented in back-end processes (HR,
various
accounting), but off late, they have grown to implement
sharing of proper data. For example, they have other
regulations in marketing automation, e-commerce,
Enterprise Resource Planning software catering to
and other operations.
Retail, Warehouse Management Systems, Contracting,
by
improving
departments
and
communication systems
among
through
the
Automotive and, Field Service Contract Management. On August 2023, Azentio Software unveiled its ONEERP Cloud, which is IR 4.0 compliant. It has many features
Other than ERP, Azentio Software has other products
to boost the ERP in many industries, such as the supply
(banking, capital markets and, insurance). They have
chain, financial institutions, distribution, manufacturing,
also won awards for these products in the global scene.
and other ancillary sectors, in terms of providing the
However, the feather in the cap came when they won
best solutions.
Innovation Leadership in ERP Technology for Industry Transformation APAC 2023 from World Business
For example, when it comes to -
Outlook.
•
Chemical Manufacturing industry – it can produce
The management has succeeded in establishing a
products in compliance with best practices
team of specialists in every department. The team’s
Food & Beverage – Ensure that products are
industrial expertise has allowed them to successfully
manufactured as per market demands and reach
manage global projects with elan.
•
31
Real Estate
Bashundhara Housing: Pioneering a Sustainable Urban Paradigm in South East Asia
Bashundhara Housing, a flagship business concern
Safeguarding Lives and Nature - Unrivaled Security
under the prestigious Bashundhara Group, stands as a
Measures:
vanguard in redefining South East Asia’s urban living.
Safety and environmental preservation take center
Its premier project, the Bashundhara Baridhara Project,
stage in the Bashundhara Baridhara Project. The
transcends the conventional notions of a housing
project’s innovative security architecture includes
complex, emerging as a visionary model for sustainable
professionally
smart cities. This ambitious endeavor seamlessly
artificial intelligence-powered surveillance systems.
integrates luxury with a profound commitment to
This ensures not only the well-being of the inhabitants
environmental responsibility, weaving a tapestry that
but also creates a secure environment that harmonizes
represents the future of urban living.
with the surrounding wildlife.
trained
guards
and
cutting-edge
Empowering Minds for Tomorrow - Enlightened Education: Bashundhara Baridhara Project places a premium on education, fostering a community that prioritizes environmental
consciousness.
Hosting
prestigious
schools like Aga Khan International School, International School of Dhaka, Sunnydale School, and Bashundhara Public School & College (Boys & Girls), the project illuminates young minds with a profound love for the environment. In higher academia, institutions like North South University, American University of Bangladesh, and Independent University Bangladesh stand as beacons of transformative learning. A Convenient Road System that Works Well:
32
The Bashundhara Baridhara Project takes pride in its
A Green Health Care Sanctuary Promoting Health &
meticulously designed road infrastructure, offering not
Happiness:
just connectivity within the community but also ensuring
Emphasizing
both
easy access to surrounding areas. The expansive 300-
Bashundhara
Baridhara
foot wide Purbachal Expressway on the northern side
healthcare is a testament to its commitment to well-
and the majestic 120-foot, four-lane Madani Avenue
being and environmental consciousness. Renowned
on the southern side form the backbone of this
medical facilities like Evercare Hospital, Bashundhara
connectivity. Each plot is intricately connected through
Eye Hospital, and National Health Network Diabetic
a minimum 25-foot road, and the strategic proximity
Centre provide top-notch treatment with an ethical
of the Kuril connecting Dhaka elevated expressway
focus. The eco-friendly design of Bashundhara Ad-din
elevates Bashundhara’s connectivity to a unique level,
Medical College and Hospital reflects a commitment to
linking it seamlessly to all the vital roads in Dhaka.
sustainable healthcare practices.
health
and Project’s
happiness,
the
approach
to
Real Estate Bashundhara Sports Complex: Where Nature and
shining example of how luxury can coexist harmoniously
Athleticism Meet:
with
Supporting the Naynaviram Sports Complex, the
indulgence amidst nature’s splendor.
environmental
consciousness,
redefining
Bashundhara Baridhara Project upholds a model of eco-friendliness in sports infrastructure. The complex,
International Convention City Bashundhara:
equipped with FIFA and AFC-standard football and
The
cricket stadiums, along with courts for various sports,
(ICCB), the country’s largest convention center, further
values the harmony of nature and athleticism. It
elevates the Bashundhara Baridhara Project’s standing
promotes a healthy and active lifestyle within the
in the housing sector. With vast halls accommodating
community.
up to 20,000 guests and 3500 car parking, ICCB creates
International
Convention
City
Bashundhara
cherished memories and fosters community spirit, Peaceful Lakes and a Sacred Space to Reflect:
becoming a symbol of aspiration for the entire nation.
At the heart of the residential neighborhood lies a stunning 25-kilometer-long lake that enhances the
Green Park Retreat: A Place of Peace and Beauty:
area’s natural attractiveness and ecological stability.
Green Park Retreat serves as a serene sanctuary
This peaceful environment is further accentuated by 44
that embodies the coexistence of recreation and
mosques, offering spiritual solace with a commitment
environmental stewardship. Amidst lush greens and
to sustainability.
thoughtful amenities, this oasis offers moments of peace and joy, where hearts find solace, and the earth
Store with a Green Soul - Exceptional Convenience for
finds love.
Consumers: Bashundhara Baridhara Project embraces a retail
The
culture that seamlessly blends convenience with
Baridhara Project:
environmental
Shopping
In Southeast Asia, the Bashundhara Baridhara Project
Square, Mehedi Mart, and Jamuna Future Park stand tall
stands as a stunning tapestry, seamlessly weaving
as landmarks of the city’s commitment to sustainability.
together
The project sets a shining example of how retail spaces
futuristic smart city sparks optimism for a wealthy
can be both consumer-friendly and environmentally
and ecologically balanced future, encouraging a
conscious, inspiring communities to shop with purpose
new generation to live green. Bashundhara Baridhara
and care for the planet.
Project, with its harmonious blend of comforts and
consciousness.
Rupayan
Sustainable
modernity
Community
and
of
Bashundhara
eco-consciousness.
This
environmentally responsible features, emerges as a Bashundhara Bazar Pratidin: Everyday Needs Within
model showcasing the best that sustainable city life
Reach:
has to offer.
The upcoming Bashundhara Bazar Pratidin, situated in the heart of Block N, promises a symphony of
In conclusion, the Bashundhara Baridhara Project,
convenience and charm, offering garments, electronics,
under the umbrella of the Bashundhara housing, is not
jewelry, groceries, home decor, a kids’ play area, food
merely a residential project; it represents a vision for a
court, and more within approximately 10 bighas of land.
sustainable and prosperous future for urban living in South East Asia. With meticulous planning, state-of-
Stylish Gateways At Bashundhara Golf:
the-art facilities, and an unwavering commitment to
Adding an element of elegance to the utopian
environmental responsibility, this project stands as a
metropolis, Bashundhara Golf merges sophistication
testament to the possibilities of harmonizing modern
with eco-friendliness. This mini-golf paradise sets a
living with ecological stewardship.
33
Real Estate
Architect: The Artist who Turns Spaces into Habitable Masterpieces According to some reports, the global architectural
but practical spaces on a budget has only increased the
services market size was USD 360.8 billion in 2022 and
challenging aspect of architecture & interior designs.
it is projected to hit around USD 549.6 billion by 2032.
Artificial Intelligence has only pushed the frontiers for
While one report suggests that the market is set to
it in some of the developing markets across the globe.
grow by CAGR 4.8 percent from 2023 to 2030, another report indicates a CAGR growth of 5.35 percent in the
Selecting the best architect is a crucial step in ensuring
next five years. We can safely conclude that the global
the success of your home design and construction
market for architectural services will grow by at least
project. We need to understand that an architect
4.5 percent in the next five years.
delivers long-term value to our construction project and early involvement ensures the best creativity and
This
growth is
largely attributed to the growing
maximum cost-efficiency.
popularity of computer-based architectural design development, improved digital design tools, computer-
Most modern architectural firms have the most
controlled fabrication, and increasing demand for
immersive 3D tools to help envision the preferences
green building services. The rising demand for luxurious
and design choices in any given space. During this
Representational Image
34
Real Estate process, it is also important to have onboard a creative
Winner of two awards, Best Architect Service Provider
mind who is also a good communicator, which involves
Egypt 2023 and Best Interior Design Service Provider
listening and grasping the problem statement. A good
Egypt 2023, World Business Outlook saw potential in
architect can understand the requirements of the
this firm ever since GAF Design Studio started receiving
clients, and the resources available and execute the
appreciation from several lifestyle journals. With a profile
vision of the client in the most creative ways possible.
that showcases brilliant services in architecture, interior
Most modern 3D modelling and rendering software
& landscape design and construction, GAF Design
have started incorporating Artificial Intelligence and
Studio is known to deliver beyond client expectations
Machine Learning to make the design phase faster and
while imbibing all the unique styles and tastes of
more creative. The hallmark of a great architect is the
each of its clients. The GAF team is renowned for its
ability to unlearn and quickly re-discover an entirely
boundless creativity and hands-on approach from the
new concept or tool from scratch.
point of inception of the project. They participate in the
Representational Image
design and development of the items of furniture to the selection of all the exquisite materials in the space. They also handle construction documents, budgeting, city submittals, and project coordination. GAF Design Studio has won many hearts and our prestigious award titles for its amazing customer service and expert project management. GAF Design Studio is known for its precision and attention to microscopic details. They have a huge dedicated workforce with an extraordinary skillset and experience to indulge every design with their own unique style and taste. With the philosophy that, ‘the best project is yet to come’, the founder of GAF Design Studio, Ahmed Gabr, believes in giving huge emphasis on the practicality aspect of his stylish designs. This is what makes him a great architect because he believes that a space should serve a purpose for the client rather than just looking nice. At World Business Outlook, we have seen that GAF Design Studio has been consistent in delivering a design that highlights the character and
Another attribute of a great architect is the creative
the personality of its clients.
uniqueness of their designs. The industry is changing every year, the trends evolve every year and thus, new
Ever since its foundation in 2012, GAF Design Studio
benchmarks are established every year. Apart from
has delivered many interesting interiors and lavish
the functional designs, the artistic approach is what
landscapes. Each of their next projects seem to be
establishes the unique signature of every architecture.
getting bigger and more challenging thanks to their
The fine balance between art, function and style is what
astute artistry and attention to intricate details in every
defines a firm as the Best Architect Service Provider. In
design. They are currently looking at expanding their
Egypt, World Business Outlook has discovered a brand
clientele on a global level, and their current activities
called GAF Design Studio.
across UAE and UK are an essential part of this mission.
35
Banking
Egyptian Banks Driving the Country’s New Financial System
The latest reports in 2023 indicate that the Egyptian
industry is poised for tremendous expansion in the
banking sector is the second largest one in Africa after
foreseeable future.
South Africa. Egypt’s GDP in 2021 was approximately USD 403 billion and secured the third spot after South Africa and Nigeria. The World Bank has recognised the stability and tenacity of the Egyptian banking industry, which currently includes about 36 banks functioning within the nation. In March 2023, the banking industry had a value of EGP 9.2 trillion, up from EGP 1.4 trillion in the same month in 2014. The Egyptian banking industry attributes this to a high deposit growth rate, plenty of liquidity, and a low loan-to-deposit ratio. Several foreign agencies have positively approved the Egyptian banking sector for its efforts to finance small and micro firms and for the steps it has taken to strengthen its lending system as a whole. With a solid financing structure, ample protective liquidity, robust profitability, and adaptable loan performance, the majority of Egyptian banks are currently safeguarding themselves
against
any
unfavourable
economic
Representational Image
disasters in the future. Egypt has weathered some of the greatest economic downturns because of domestic
Suez Canal Bank is one of the oldest banks in the
capital creation and strict central bank rules.
Egyptian private sector, having opened its doors in 1978. It primarily provides enterprise, investment, and
The banking industry in Egypt has grown at an almost
retail banking services. It is at the forefront among the
exponential rate. According to statistics, the number
best performers in the Egyptian banking industry and
of credit card holders doubled and ATMs increased
recognized by the Singapore-based magazine World
by more than three times between 2014 and 2022.
Business Outlook as the winner of the Best Performing
According to the same report, in addition to the more
Bank Egypt 2023 category. World Business Outlook
than 700,000 private electronic points of sale held by
has also honoured the CEO of the Bank Mr. Hussein
businesses that provide electronic payment services,
Refaie with the coveted award of Banking CEO of the
more than 50,000 points of sale were added between
Year Egypt 2023 (Mr. Hussein Refaie), for his relentless
December 2014 and December 2022. With more than
efforts and commitments as well as outstanding
4.5K branches nationwide, the Egyptian banking
contributions in making the Bank a winner.
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Real Estate
A Game Changer in the Real Estate Sector of the KSA
Introduction:
private sector growth has significantly increased since
Saudi Arabia, the largest country in the Arabian
4.8% in 2022, indicating the impact of Vision 2030.
the beginning of 2017 and is expected to increase by
Peninsula, is home to over 37 million people. The country recorded a GDP growth rate of over 8.7% in
Vision 2030 and the Iskan programme could drive Saudi
2022, an increase of almost 4.9% from 2021. Saudi Arabia
Arabia’s real estate market to boom in the next ten
grew at the quickest rate among the G20 nations in
years, with USD 1 trillion set aside for the development
2022. The nation’s leadership has adopted a national
of real estate and infrastructure projects. The office
transformation plan named Vision 2030 to diversify the
real estate market in Saudi Arabia is valued at USD 7.23
economy, even though the country’s economy is still
billion this year and is expected to grow at a compound
primarily driven by abundant oil reserves and related
annual growth rate (CAGR) of more than 8.12% over the
hydrocarbon industries. They have also entrusted a
projection year. Government programmes like VISION
sizable amount of assets to the Public Investment Fund
2030 and related measures that entice investors to
(PIF), which is currently among the largest sovereign
enter the market are what drive the market.
wealth funds in the world. The goal of Vision 2030 is
38
to increase employment and non-oil revenue in the
Along the Red Sea coast, at least eight new cities are
nation, especially in the retail, healthcare, education,
planned, including the multibillion-dollar, futuristic city
esports, and video gaming sectors. The non-oil sector
of NEOM, which might draw in foreign investors to the
Real Estate
country.
Existing major cities are also scheduled to
in commercial and industrial properties, acting as
see several projects. By 2030, Riyadh’s population is
an
predicted to reach over 15 million, with the audacious
companies, and tenants, and various marketing
vision of ranking among the top 10 largest cities in the
services are just a few of the services in which Azad
world. As a result, real estate investors are swarming to
Properties has demonstrated its excellence. World
the nation, potentially increasing the value of the real
Business Outlook took note of these achievements and
estate market there.
commended Azad Properties with the awards, Fastest
An overview of the office real estate sector in Saudi Arabia
intermediary
between
contractors,
insurance
Growing Asset and Property Management Company in Saudi Arabia 2023 and Most Sustainable Real Estate Investor Saudi Arabia 2023.
Saudi Arabia, the nation with the largest population in the Gulf Cooperation Council, has the highest demand for new homes, with about 4 million expected by 2022. In Saudi Arabia, there are several local and regional companies in the real estate sector, and these players own the lion’s share of the market share. To keep up with the growing demand for real estate, several businesses are expanding their construction endeavours. The increase in buildings is the result of foreign companies establishing offices and investing in the nation.
Azad Properties boasts a gross leasable area of one million square meters. Through the promotion of major
As a result of the Kingdom’s recent endeavours at
commercial and leisure projects in its portfolio, Azad
development and modernization, real estate players
Properties is demonstrating innovation in real estate.
in Saudi Arabia now have an even greater obligation
The organisation is devoting much of its resources
to guarantee that property reserves are strategically
to the renovation of the cities in the Kingdom, with
capitalised to maximise profits while simultaneously
a particular emphasis on the commercial and
increasing the quality of life.
entertainment sectors. With the use of a cuttingedge property management system, Azad Properties
One major local real estate player that came under
has been effectively monitoring and addressing any
World Business Outlook’s radar during its hunt for
possible problems. Consequently, it managed all of its
a real estate company leader in Saudi Arabia, is
operations with success and ease.
Azad Properties. With an asset class ranging from commercial and retail to medical and industrial, Azad
To preserve its market leadership while still serving
Properties has a diverse portfolio that covers all forms
the interests of customers, the management of Azad
of properties. Their client base extends from global
Properties has developed an ambitious plan that
retailers to local developers.
includes real estate services, achieves shareholder objectives, and assembles a team of professionals. To
Property and asset management, leasing, facility
fulfill the high standards of Vision 2030, Azad Properties
management, tenant relations and collection, strategy,
is forming strategic alliances with companies to raise
commercial
the standard of living in the country.
development,
property
maintenance,
risk management, implementing safety measures
39
Real Estate
Thriving Towards Technological Transformation in Fintech Saudi Arabia, a nation known for its rich oil reserves, is
One such notable player is Waki, a digital payment
also emerging as a hub for innovation and technology
solution provider that enables businesses to accept
in the financial sector. With the rise of fintech, the
online payments securely and efficiently. With the
Kingdom is witnessing a transformation in the way
convenience of mobile banking and digital payments,
financial services are delivered and consumed. The
individuals can easily manage their finances on the go.
Saudi Arabia fintech market size is expected to grow
Moreover, WAKI enables financial inclusion, allowing
from USD 39.04 million in 2023 to USD 69.23 million by
the unbanked population to access and participate
2028, at a CAGR of 12.14 percent during the forecast
in the formal financial system. For businesses, it offers
period (2023-2028). This includes various sectors such
opportunities to streamline operations, reduce costs,
as mobile payments, digital banking, peer-to-peer
and enhance customer experiences. From automated
lending, blockchain, and more.
accounting solutions to efficient payment processing, its fintech tools empower businesses to focus on
With its ambitious Vision 2030 plan, it aims to diversify its
growth and innovation. WAKI aims to build a cashless
economy and reduce its dependence on oil revenues.
society through innovative products that securely
One of the most important aspects of this strategy is
connect families and businesses. In recognition of this
promoting technology and innovation. The Kingdom
accomplishment, WAKI was granted the esteemed title
has been aggressively encouraging the expansion of
of Fastest Growing Fintech Company Saudi Arabia
the fintech sector.
2023 by World Business Outlook.
The nation’s central bank, the Saudi Arabian Monetary
A Fintech Revolution Unfolding
Authority (SAMA), has been instrumental in fostering the development of fintech. To assist and grow this
Fintech is reshaping the financial landscape in Saudi
ecosystem in the nation, SAMA launched the Fintech
Arabia, offering unprecedented opportunities for growth
Saudi project. The objectives of this project are to
and innovation. The support of regulatory authorities,
help and mentor businesses, establish a supportive
coupled with a vibrant startup ecosystem, is driving
regulatory framework, and encourage cooperation
the transformation of traditional financial services.
amongst various stakeholders.
As the Kingdom embraces fintech, individuals and
Emerging horizons The fintech scene in Saudi Arabia is thriving, with numerous innovative companies making their mark.
40
businesses are benefiting from enhanced convenience, accessibility, and financial inclusion.
Mining
Unearthing Hidden Riches: Uncovering the Wealth of Mining in the Philippines The
Philippines
is
a
nation
with
the
greatest
community
development,
and
environmental
concentration of mineral resources in the world. Its
preservation sets them apart from other companies in
unchartered reserves of copper, gold, nickel, zinc, and
the field.
silver are believed to be worth around USD 1 trillion. Of these reserves, just 5 percent have been mined, and
Their CSR programs are not just initiatives but a
only 3 percent are protected by mining contracts. In
testament to their dedication, which earned them the
2022, the production of metal rose by over 32 percent
title of Best CSR Program in Mining Industry Philippines
over the previous year. The entire value of exports
2023. Their efforts have earned them the trust and
from 2020 to 2022 was more than USD 18 billion, or 8.51
respect of stakeholders, making them a trusted partner
percent of all exports from the nation. The Philippines is
in the mining industry.
making sure to follow sustainability in mining. It seeks to achieve a balance between advancing the socio-
Leader who set an example in the mining industry
economic objectives of the government, helping local people, and safeguarding the environment.
Martin Antonio G. Zamora has dedicated his career to the mining industry and has been associated with
Various steps are being taken by mining companies
Nickel Asia Corporation. His visionary leadership has
to safeguard the wholesome interest of the nation and
played a pivotal role in the transformation of Nickel Asia
one such popular company is Nickel Asia Corporation
Corporation into one of the leading mining companies
(NAC). NAC actively supports the initiatives of the
in the Philippines. As the CEO, Zamora has placed a
Chamber of Mines of the Philippines (COMP) along
strong emphasis on sustainable mining practices. He
with the adoption of The Baguio Declaration. The
firmly believes in the responsible stewardship of natural
company is eager to support human orientation
resources and prioritizes environmental conservation.
while safeguarding and improving the environment. Furthermore, it guarantees adherence to international
Under his guidance, Nickel Asia Corporation has
standards, efficiency, competitiveness, and respect for
implemented
the rights and welfare of indigenous people.
ecological impact of mining operations. Zamora’s
various
initiatives
to
minimize
the
strategic vision has been instrumental in driving the Acknowledging their unwavering commitment towards
growth and success of NAC. By identifying emerging
sustainability, World Business Outlook felicitated them
market trends and leveraging innovative technologies,
with two coveted awards: Best Sustainable Business
he has positioned the company as a frontrunner in the
Practices Philippines 2023 and Best Mining Company
mining industry. Standing as a beacon of excellence
to Work For Philippines 2023.
and leadership – Martin Antonio G. Zamora has been recognised as CEO of the Year in Mining Industry
Setting the gold standard: The paragon of CSR in the
Philippines 2023 by World Business Outlook. He
Philippines mining industry
continues to inspire and lead the way for a prosperous and responsible mining future, leaving behind a legacy
When it comes to CSR in the mining industry, Nickel Asia Corporation is leading the way in the Philippines. Their commitment to sustainable mining practices,
42
that will be remembered for years to come.
Finance
The Multi-Faceted Forex Broker and Financial Service Provider
The foreign exchange services industry, estimated to
Access to an array of trading symbols, trading
be worth USD 8 billion in 2021, is projected to expand at
accounts, leverages, and even the ability to switch
a compound annual growth rate (CAGR) of 8.2 percent
brokers commission-free is made possible by DeltaFX.
to reach USD 15.78 billion by 2029. It is the biggest
For improved trading, a free VPS option is also available
financial market in the world, with over USD 6 trillion
for select consumers. One of the few brokers worldwide
worth of trading activity every day. Open five days a
that assures non-slippage trading services is DeltaFX,
week, twenty-four hours a day, the market is situated in
with over 2,000 products on MetaTrader 4 and over
multiple international time zones that overlap.
1,500 cryptocurrencies on MetaTrader 5. A significant portion of the credit goes to its crew as they have
According to statistics, the daily turnover of the global
earned numerous titles for their trading experiences
foreign exchange market is over USD 7500 billion, taking
and various services all around the world.
into account 39 different currencies from 2001 to 2022. The best-performing currencies are the US and the Euro,
The CEO of DeltaFX, Omid Asefi, has made sure that
with the USD having three times the daily transaction
the company has a dependable client service 24/7. His
volume of the EUR.
innovative approach to building and implementing the broker copy trading system has been crucial. Under
Investing with a partner you can trust is crucial
his direction, DeltaFX has quickly spread throughout
considering the market is uncontrolled. This is the point
the Middle East. It has even entered into agreements
at which having a dependable, knowledgeable broker is
with additional suppliers, enabling it to offer an ECN
essential. A forex broker needs to comply with national
account with the lowest market spreads. This year,
regulations in its home country. A broker’s leverage
Omid Asefi and his team decided to modernise the
and margin, charges and spread, minimum deposit
web dashboard on their platform to facilitate better
requirements, and available withdrawal methods
business intelligence (BI) and upgrade the customer
should all be taken into account. Given the market’s
cabin for better use. In addition, DeltaFX’s reputation
volatility, it’s also critical to comprehend the currency
as a trustworthy broker is expected to grow in the
pairings to increase your prospects. When the broker’s
upcoming years thanks to a new Metacod licence, the
trading platform has its own in-built technical analysis
launch of loyalty programmes for select broker clients,
tools, it becomes even more advantageous.
and the news bulletin function for clients. In recognition of all of their hard work and contributions, World
One such trustworthy brokerage company that has
Business Outlook has honoured Mr. Omid Asefi and
been offering expert trading services in the Middle
his company with the awards, The Most Innovative
East since 2004 is DeltaFX. Several independent firms
Manager in Financial Market MENA 2023 and The Most
regulate this multi-award-winning brokerage firm to
Trusted Broker in MENA 2023.
guarantee the highest level of openness for its clients. Currently, DeltaFX safeguards the interests of its clients by serving as a member of The Financial Commission.
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