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 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...
by Teuvo Tuomi | Sep 22, 2024 | Indonesia, Business, Reports, Society
Hiring in Indonesia requires some knowledge. With over 130 million people in the workforce, Indonesia is one of the largest labor markets in Southeast Asia. The population is predominantly young, providing a pool of potential employees. Most of the Indonesians are...
by Teuvo Tuomi | Sep 21, 2024 | China, Business, Economy, News
The Shanghai Composite Index, a benchmark of Chinese A shares, went up 0.69% to close at 2,736.02 points on Thursday, amid a wider rebound of emerging market stocks. Following the trend, the MSCI index for emerging markets surged 1.09% on Thursday evening. Meanwhile,...
