by Teuvo Tuomi | Sep 25, 2024 | Business, Economy, Manufacturing, News, Thailand, Transportation
The manufacturing and sales of vehicles in Thailand fell by more than 20.56% in August compared to last year, the Federation of Thai Industries (FTI) reports. Surapong Phaisitpattanapong, advisor and spokesman of FTI’s automobile club, says 119,680 vehicles were...
by Teuvo Tuomi | Sep 25, 2024 | Indonesia, Business, Economy, News, Reports
Indonesia’s dream of becoming a high-income economy by 2045 is bleak, the World Bank says. Achieving that target in time, Indonesia would require annual gross domestic product growth of 6-7% over the next 20 years. “For middle-income countries to have high income in...
by Teuvo Tuomi | Sep 24, 2024 | Vietnam, Business, Education, News
In Vietnam, six public and four private universities have reported revenues of more than 1 trillion Vietnamese Dong (US$40.8 million), with two of them exceeding 2 trillion Dong. For the 2024-2025 academic year, most universities have released their financial...
by Teuvo Tuomi | Sep 24, 2024 | ASEAN, China, News, Trade
Thailand’s inflation is not a major concern as China is currently “exporting deflation” globally, according to Supavud Saicheua, chairman of the NESDC. He adds that as a small country, geopolitical problems will affect Thailand. Mr Supavud says that...
by Teuvo Tuomi | Sep 23, 2024 | News, ASEAN, Cambodia
In a surprising move, the Cambodian government says it will withdraw from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) agreement. Cambodia’s leaders Prime Minister Hun Manet and former Prime Minister Hun Sen explain that the move is aimed to disarm...
