by Teuvo Tuomi | Jan 21, 2024 | ASEAN, Indonesia, Travel, Vietnam
Southeast Asia shines in Tripadvisor’s Best of the Best Destinations 2024 list. Among the top destinations are Bali on the 2nd and Hanoi on the 4th spot. Also, Hoi An (9th), Bangkok (15th), and Phuket (18th) make it to the top 20. Travelers’ Choice Awards Best...
by Teuvo Tuomi | Jan 21, 2024 | ASEAN, Business, Economy, News, Thailand
Prime Minister Srettha Thavisin says Thailand should not continue to use low labor costs as an incentive to draw foreign investments. He also urges ASEAN countries to work together to increase their minimum wages. “The attractive points should be clean energy, good...
by Teuvo Tuomi | Jan 10, 2024 | ASEAN, Economy, News, Southeast Asia
The Asian Development Bank (ADB) has lowered the growth outlook for Southeast Asia in 2023 from 4.6% to 4.3%. This is mainly due to weak demand for manufacturing exports. Southeast Asia’s growth forecast for 2024 has also been revised down to 4.7% from 4.8% because of...
by Teuvo Tuomi | Jan 9, 2024 | Travel, ASEAN, Malaysia, News, Southeast Asia
Malaysia conglomerate Capital A says it plans to sell its budget airline AirAsia to its medium-haul affiliate AirAsia X in a bid to streamline operations. Under the terms of the non-binding agreement, AirAsia Malaysia and AirAsia subsidiaries in Cambodia, Thailand,...
by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia
According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....
by Teuvo Tuomi | Dec 11, 2023 | ASEAN, Digitalization, Southeast Asia, Technology
Southeast Asia is shifting toward digital payments and other innovations in digital services, thanks to an acceleration in digital transformation during the pandemic, accounting and consulting firm PwC reports. Widespread mobile ownership, together with rapid...
