Malaysia's national oil and natural gas firm, Petronas, owns all oil and natural gas exploration and production projects in the nation Petronas dominates the upstream sector, where it enters production sharing contracts ( with local and international corporations to explore and exploit Malaysia's oil and gas resources ExxonMobil, Shell, and ConocoPhillips are the three largest multinational oil firms producing the most oil in Malaysia, as estimated by Rystad Energy and published by the US Energy Information Administration ( Other international oil corporations, such as Repsol ( Pertamina ( PetroVietnam ( and JX Nippon Oil and Gas, have been drawn by new investment potential ( Despite the large presence of other regional and international firms in Malaysia, Petronas dominates the downstream industry Shell, Chevron, and Petron are among the foreign gasoline retailers operating domestically

Agriculture is one of the backbones of Indonesia’s economy, contributing some 13% to the country’s gross domestic product (GDP). At the same time, the agriculture sector provides income for large swathes of Indonesian households, employing 38.2mn people, equivalent to 30% of the total workforce in 2021. Indonesia is the world’s number one palm oil producer with almost 60% of global output. The country also ranks second in terms of rubber, and fourth by rice production. Although the government has long strived to reach self-sufficiency in the production of key food staples, Indonesia is still running a negative trade balance on its agriculture account as it is the largest wheat importer in the world, and imports large quantities of corn, oilseeds and sugar.

Steel sector is both the backbone of Indian economy as well as a growth promising sector. The growth of the sector is well supported by the availability od raw material such as iron ore and cost effective labour in the country. The government has always realized the importance of the sector for manufacturing sector growth and the overall GDP growth and therefore, initiated various schemes and policies for the development of steel sector along with promoting public private partnership. Since the last couple of the decades, the sector has been moving towards modernizing itself with plants upgradation, adoption of advanced technology and building of state-of-the-art mills. Leveraging on the high demand with resurging economy, the India has witnessed continuous rise in the steel production, which has made India a second largest crude steel producer of the world (since 2018).

According to the International Renewable Energy Agency (IRENA), Brazil ranked third globally in 2020 in terms of renewable power generation installed capacity, with 150,046 MW. This high ranking is explained by the country’s vast hydrological resources. Notably, Brazil ended 2020 second globally in terms of hydropower installed capacity, behind only China. Brazil is also a leader in biomass power generation, ranking second globally and having a biomass power installed capacity of 15,650 MW as of end-2020. In 2021, the government continued to incentivise the expansion and diversification of Brazil’s energy matrix and the country ended 2021 with 190,160 MW of installed capacity, according to the Ministry of Mines and Energy (MME).

Intrado Corporation; and 8x8, Inc. are the market players present in these two regions. Further, the growing SMEs and large enterprises are also driving the market growth. As, it is the most cost-effective platform to implement in their own businesses. As, in North America, it has been observed that about 30% of all SMEs currently use dealing with cloud communication platform, and it’s giving them added cause for optimism. Moreover, several government initiatives toward introducing cloud services in Europe is also another factor for the growth of cloud communication platform market. For instance, in October 2020, the EU Member States signed a declaration to build the next generation cloud for businesses and the public sector in the EU, a EU Cloud Federation. The European Federated Cloud is meant to be a set of joint technical solutions and policy norms in order to foster EU cloud services that are interoperable across Europe. These technical solutions and policy norms should offer a high standard in terms of data protection, cybersecurity, data portability/reversibility, interoperability, transparency, openness, energy efficiency, performance, and reliability.

According to data from the USDA, Brazil was the second largest producer and consumer of biofuels in the world during 2021. The country is among the global pioneers in biofuels development and adoption, with the introduction of flex-fuel (dual-fuel ethanol and petrol) vehicles as early as 2003. Moreover, mandatory blending of fossil fuels with biofuels has underpinned the growth of the sector ever since their introduction in the second half of the 2000s decade. Brazil’s massive agricultural sector also plays a key part in the development of the sector, with the country being among the largest producers of raw materials for biofuels, such as sugarcane, soybean, maize and animal fats.

Australian agriculture benefits from decades of productivitygrowth in record-breaking year. Value of production to reach record $81 billion in 2021–22. Value of exports forecast to reach record $64 billion in 2021–22. Value of production and exports to fall and then steady over themedium term.

Consumer electronic products have a well-established market both domestically and in terms of export demand. The country has a well-developed semiconductor market which during the pandemic was unable to operate to its full potential. Malaysia is crucial in the outsourced assembly, packaging, and testing market, as well as in the automated test equipment businesses. Companies such as Dell, HP, and Intel have their manufacturing centre in Malaysia. Some of the audio visual products produced in Malaysia include radios, speakers, and TV sets, and major vendors include Panasonic, Samsung, and Sony. The Malaysian market, even though small, is an important manufacturing hub for global consumer electronics supply chain, local manufacturing players are more affected by global demand than domestic demand.

Welcome to the eighth edition of Global Powers of Luxury Goods. FY2020 proved to be a challenging year and most luxury goods companies concentrated their efforts on managing their business through the pandemic. However, it was also a disruptive year in many positive ways and companies implemented genuine changes in their strategies. The commitment to a more environmentally friendly and inclusive fashion and luxury industry is real and there is increased focus on raising awareness among current and future consumers. As many parts of the world are opening up and consumers are returning to physical stores and live events, digitalization continues to be important. We are now seeing how technological evolution is accelerating the creation of parallel dimensions—where even garments are made of pixels and the communication between those who make fashion, and their consumers is immediate and direct. Luxury e-commerce went past the tipping point and became a vital part of the omnichannel distribution strategy for global luxury players.

The changing lifestyles of people have boosted the market for ready-to-drink beverages, which is one of the most significant factors driving the growth of the retort machinery market. In addition, the rising beverage consumption in emerging economies is another factor influencing the growth of the market. Busy lifestyles, long working hours, and limited leisure time have increased the population’s reliance on convenience foods. This has led to the need for improved safety, driving the demand for retort equipment.