by Teuvo Tuomi | Jan 17, 2025 | Indonesia, Investment, News, Reports, Technology
Indonesia’s standard VAT rate rose to 12% in January. This adjustment targets luxury goods and services while maintaining exemptions for essentials like staple foods and healthcare. For businesses, this change represents both a compliance challenge and an opportunity...
by Teuvo Tuomi | Jan 14, 2025 | AI, News, Taiwan, Technology
Taiwan Semiconductor Manufacturing Co. (TSMC) has retained its lead in the global pure-play foundry market, capturing a 64% share in Q3 2024. This is an increase from the 62% in the previous quarter, according to Counterpoint Research. Growth was driven by growing...
by Teuvo Tuomi | Jan 14, 2025 | Energy, Environment, Finland, News, Singapore, Sustainability, Technology
Finnish Neste has made the first delivery of its MY Renewable Diesel to the marine sector in Singapore. The delivery was made in cooperation with KPI Ocean Connect. According to Neste, its MY Renewable Diesel is reducing greenhouse gas (GHG) emissions in multiple...
by Teuvo Tuomi | Jan 14, 2025 | China, Exports, Imports, News, Trade, Vietnam
The China Railway Group reports a sharp increase in freight transport on the China-Vietnam cross-border railway last year, marking an annual increase of 1,153%. Monthly freight volumes hit record highs in March, April, July, October, and November. Initially focusing...
by Teuvo Tuomi | Jan 12, 2025 | Korea, Exports, Lifestyle, News
Korean beauty product exports have surpassed the $10 billion mark for the first time last year. According to the Ministry of Food and Drug Safety on Monday, Korean cosmetics exports reached $10.2 billion last year, a 20.6% increase on-year from $8.46 billion in 2023....
