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SEA to Suffer More from Typhoons: Study

SEA to Suffer More from Typhoons: Study

by Teuvo Tuomi | Aug 4, 2024 | ASEAN, Climate, Environment, News, Reports, Research, Southeast Asia, Weather

Typhoon modelling studies done by researchers at the Nanyang Technological University (NTU) and two United States institutes have found that coastal cities such as Thailand’s Bangkok, Myanmar’s Yangon and Hai Phong in Vietnam are likely to suffer from...
Indonesia Partners with China to Increase Gas and Oil Production

Indonesia Partners with China to Increase Gas and Oil Production

by Teuvo Tuomi | Jul 28, 2024 | ASEAN, China, Energy, Indonesia, News, Technology

The Indonesian government is stepping up cooperation with Chinese companies to increase Indonesia’s oil and gas reserves and production, according to Director of Upstream Oil and Gas Business Development Ariana Soemanto. The three stakeholders are the...
Thailand Offers Incentives for Hybrid Vehicle Manufacturers

Thailand Offers Incentives for Hybrid Vehicle Manufacturers

by Teuvo Tuomi | Jul 27, 2024 | ASEAN, Manufacturing, News, Technology, Thailand, Transportation

Thailand will introduce investment incentives for manufacturers of hybrid vehicles, the Board of Investment (BOI) says. Excise taxes will be lowered for five years, from 2028 to 2032, for hybrid vehicles makers that invest at least 3 billion baht in the next four...
Indonesia Will Implement Carbon Tax in Two Phases

Indonesia Will Implement Carbon Tax in Two Phases

by Teuvo Tuomi | Jul 26, 2024 | ASEAN, Business, Climate, Energy, Environment, Indonesia, News, Southeast Asia, Transportation

According to Indonesia’s Coordinating Ministry for Economic Affairs, the country will implement the carbon tax in two phases in accordance with the road map that the government is preparing. “The initial phase of the carbon tax road map is proposed to only...
Vietnam’s Resort Real Estate Partly Recovers

Vietnam’s Resort Real Estate Partly Recovers

by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Economy, News, Reports, Tourism, Travel, Vietnam

About 2,800 new units were launched in Vietnam’s resort real estate segment in the second quarter of 2024. This is an eight-fold increase from the first quarter but mostly concentrated in a few locations, the Vietnam Association of Realtors report. In the first...
Vietnam Looking for 75% GDP Increase by 2030

Vietnam Looking for 75% GDP Increase by 2030

by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam

The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
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