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...
by Teuvo Tuomi | Dec 5, 2023 | ASEAN, Business, China, Economy, Thailand
The latest megaproject for China could be the Land Bridge project in Thailand, which uses rail links to connect the Andaman Sea and the Gulf of Thailand and bypass Malacca entirely. The project, a replacement for the more controversial Kra Canal, was brought up by...
by Teuvo Tuomi | Dec 3, 2023 | ASEAN, Finland, Indonesia, Malaysia, Singapore, Technology, Thailand
Singapore has been in the top five of the IMD World Digital Competitiveness Ranking for several years, ending up third this year. The island nation excels in technology and the regulatory, capital, and technological frameworks. Finland was once again placed among the...
by Teuvo Tuomi | Dec 2, 2023 | Laos, ASEAN, News
Laos is set to succeed Indonesia as the ASEAN chair for 2024. At the 43rd ASEAN Summit’s closing ceremony in Jakarta, Indonesia, in September, Indonesian President Joko “Jokowi” Widodo, the 2023 chair, formally handed over the position to Lao Prime Minister Sonexay...
