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China Ponders Injecting Capital into Its Banks

China Ponders Injecting Capital into Its Banks

by Teuvo Tuomi | Sep 26, 2024 | China, Banking, Business, Economy, Investment, News

China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the economy. The move is part of broad stimulus measures Beijing introduced this week to boost China’s...
Nokia and Viettel to Develop 5G Across Vietnam

Nokia and Viettel to Develop 5G Across Vietnam

by Teuvo Tuomi | Sep 26, 2024 | Business, Digitalization, Economy, Finland, News, Technology, Vietnam

Nokia and Vietnamese Viettel will jointly deploy 5G equipment for the first time across Vietnam later this year, the Finnish company confirms. The project will cover 22 provinces across the country and support Viettel’s strategy of advancing 5G infrastructure and...
Car Sales in Thailand Plummet over 20% in August

Car Sales in Thailand Plummet over 20% in August

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...
Indonesia Needs Miracle to Become High-Income Country by 2045: World Bank

Indonesia Needs Miracle to Become High-Income Country by 2045: World Bank

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...
Six Vietnamese Universities Exceed 1 Trillion Dong in Revenues

Six Vietnamese Universities Exceed 1 Trillion Dong in Revenues

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...
BOT Will Grant Only 3 Virtual Bank Licenses

BOT Will Grant Only 3 Virtual Bank Licenses

by Teuvo Tuomi | Sep 23, 2024 | Thailand, Banking, Business, Digitalization, News, Visions

Despite receiving several applications from interested operators, the Bank of Thailand wants to grant only three virtual bank licenses. The central bank will issue licenses it deems appropriate to maintain the stability of the domestic financial market and safeguard...
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