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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...
Guide to Hiring in Indonesia Available

Guide to Hiring in Indonesia Available

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...
Chinese Stocks Rally After Fed Rate Cut

Chinese Stocks Rally After Fed Rate Cut

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,...
Malaysia Offers Incentives for Embattled Forest City

Malaysia Offers Incentives for Embattled Forest City

by Teuvo Tuomi | Sep 20, 2024 | Investment, Business, Environment, Malaysia, News

Malaysia has announced tax breaks and incentives for the troubled Forest City development, a $100 billion project backed by Chinese developer Country Garden Holdings. Forest City is a joint venture between the Country Garden and a private Malaysian company backed by...
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