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KITB Designated New Economic Zone

KITB Designated New Economic Zone

by Teuvo Tuomi | Jul 30, 2024 | Business, Economy, Exports, Indonesia, Manufacturing, News

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan says the government has decided to designate the Batang Integrated Industrial Zone (KITB) as a special economic zone (SEZ). The KITB is set to benefit from certain incentives reserved for SEZs. “We...
Vietnam’s Exports Sector Keeps Booming

Vietnam’s Exports Sector Keeps Booming

by Teuvo Tuomi | Jul 29, 2024 | News, Business, Economy, Exports, Vietnam

Vietnam’s exports in July are estimated to have risen 19.1% in July from a year earlier to $35.92 billion, the General Statistics Office (GSO) says. Also the industrial production index rose in July, expanding 11.2% from a year earlier, . Vietnam has been...
Indonesia Will Implement Carbon Tax in Two Phases

Indonesia Will Implement Carbon Tax in Two Phases

by Teuvo Tuomi | Jul 26, 2024 | ASEAN, Business, Climate, Energy, Environment, Indonesia, News, Southeast Asia, Transportation

According to Indonesia’s Coordinating Ministry for Economic Affairs, the country will implement the carbon tax in two phases in accordance with the road map that the government is preparing. “The initial phase of the carbon tax road map is proposed to only...
Vietnam Looking for 75% GDP Increase by 2030

Vietnam Looking for 75% GDP Increase by 2030

by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam

The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
Marcos Bans Offshore Gaming Operators

Marcos Bans Offshore Gaming Operators

by Teuvo Tuomi | Jul 23, 2024 | ASEAN, Business, Crime, Entertainment, Lifestyle, News, Philippines, Southeast Asia

Philippine offshore gaming operators (POGOs) are officially banned in the Philippines, according to President Ferdinand “Bongbong” Marcos Jr. He has instructed the Philippine Amusement and Gaming Corporation to wind down and cease the operations of POGOs by the end of...
RCEP and FTAs Aiding Cambodia Attract Foreign Investment: NBC

RCEP and FTAs Aiding Cambodia Attract Foreign Investment: NBC

by Teuvo Tuomi | Jul 22, 2024 | ASEAN, Business, Cambodia, Investment, News, Southeast Asia, Trade, Visions

The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s (NBC) Governor Chea Serey...
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