Starting of year of the rat wasn’t all that rosy this year. The gloom of a US recession seems ever so real. Price hikes ever increasing at an alarming rate here in sg. (Talk about taking a cab during the peak rush hour, now got my point?)
However I believe, given the good investments that our government brought in, there’s is always 'gold' to be found, fortunes to be made. Let’s start looking...
1) Building & construction industry: Definably a blooming industry with the building of 2 IR resorts, a world-class stadium, upgrading and expansion of new towns like Punggol and so many more. Getting any of these sub-contracts especially in logistics and materials import sure makes gd biz sense!
2) The "ME" revolution : if you have notice, everywhere that signifies 'me', 'myself' and 'I' seems to be in the rage this days. Think American Idol, reality shows, blogging, facebook and personalized items and accessories. People these days want to be unique in an ever global market. Seriously who want to be seen together with someone else wearing the same shirt or holding the same bag? Well, I don’t! What’s to be expected, is more personalized items to be out. Now there’s even personalized tours which I heard recently. So why wait? Think personal ;)
3) Food, food glorious food: Yes, I am talking about the food industry. In sg, everyone needs to eat, and won't blink an eye for the best treats in town. Sadly, cheap yummy traditional hawker fare is slowing paving way for fast, expensive cooked food. Well, all is not lost, as I have said, if you can serve good affordable food, its very gd biz & you wont need to worry about power of "word of mouth", people will come. Now what should I have for supper. =P
4) Clean & green, doing a part for earth: Increased awareness in the media has made everyone clear that they have to do their part for a better environment. Wouldn’t it be great to come out with new green products for the masses? Such as ease of recycling, less reliance on raw material usage and green energy. Who knows, maybe it can sprung off an all new industry!
5) The golden years: Yup, Singapore is ageing real fast. My parents are too. For me, I want them to enjoy their golden years as much as I can. Asia's population above 60 years old is expected to quadruple by 2050 to 1.2 billion people. More importantly, as people live longer and healthier lives, population ageing has posed significant challenges to economic growth, healthcare, and sustainability of families. Its global implications are huge, but have yet to be fully appreciated. Silver-related lifestyle products and 'smart' homes will be become essentials in the near future.I always believe, there opportunities can be found if you look dig deeper into our surroundings. These are the few industries I am watching and researching this year. =)
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