by Teuvo Tuomi | Dec 13, 2023 | Indonesia, Business, China, Technology
Chinese-owned short video app TikTok has announced a 1.5 billion US dollar investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement. Under the deal, TikTok Shop will be merged into GoTo’s...
by Teuvo Tuomi | Dec 12, 2023 | China, News, Technology, Thailand
The 40th Thailand International Motor Expo ended yesterday (December 11) in Nonthaburi. The vehicle bookings saw a significant surge with 53,248 units sold. Japanese automaker Toyota again retained its crown for most booked brand, with 7,245 units being reserved....
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 10, 2023 | Environment, Singapore, Technology, Visions
Singapore’s Kusu Island – or Tortoise Island – is home to the popular Da Bo Gong Temple and three Malay shrines. But it is also completely self-reliant in using solar power to produce its water and electricity. The island’s solar photovoltaic (PV)...
by Teuvo Tuomi | Dec 10, 2023 | Laos, China, Economy, News
An alarming debt crisis has unfolded in Laos, raising worries about the nation’s obligations to its biggest creditors like China. A majority of Laos’ public debt, which the IMF estimates is 122% of GDP this year, is owed to China due to infrastructure...
