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Vietnam and the Philippines Grow Fastest in ASEAN: ADB

Vietnam and the Philippines Grow Fastest in ASEAN: ADB

by Teuvo Tuomi | Jul 19, 2024 | ASEAN, Business, Education, News, Philippines, Vietnam

The Philippines will hit its growth target this year amid easing inflation and expectations of interest rate cuts, according to the latest outlook of the Asian Development Bank (ADB). “Asian Development Outlook” expects the country’s gross domestic product (GDP)...
QRIS Made Available in More Countries: BI

QRIS Made Available in More Countries: BI

by Teuvo Tuomi | Jul 18, 2024 | ASEAN, Business, Economy, Indonesia, News, Tourism, Travel

Bank Indonesia (BI) says that the Quick Response Code Indonesian Standard (QRIS) digital payment system will be made available in more countries. According to Deputy Governor Filianingsih Hendarta, the central bank will sign agreements for the cross-border use of QRIS...
Vietnam’s Growth Fastest in ASEAN: AMRO

Vietnam’s Growth Fastest in ASEAN: AMRO

by Teuvo Tuomi | Jul 17, 2024 | ASEAN, Business, Cambodia, Economy, Philippines, Singapore, Southeast Asia, Vietnam

The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s economic growth forecast to 6.3% for 2024 in its latest update. The growth rate is 0.3% higher than the April forecast. It is also the highest among ASEAN countries for 2024. The Singapore-based...
Jokowi Signs 190-year Land Rights Regulation for Nusantara

Jokowi Signs 190-year Land Rights Regulation for Nusantara

by Teuvo Tuomi | Jul 16, 2024 | ASEAN, Business, Indonesia, Infrastructure, Investment, News, Southeast Asia

President Joko “Jokowi” Widodo has signed a presidential regulation that grants investors certain rights in the Nusantara Capital City (IKN) megaproject in East Kalimantan, the future capital, including land rights of up to 190 years. The regulation stipulates that...
Vietnam Electricity  Reports Record Loss

Vietnam Electricity Reports Record Loss

by Teuvo Tuomi | Jul 14, 2024 | Vietnam, Business, Economy, Energy, News, Sustainability

Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) has reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on high electricity production costs, including higher fuel prices and rising foreign exchange rates. In 2023,...
Laos and Vietnam Seek Tighter Cooperation

Laos and Vietnam Seek Tighter Cooperation

by Teuvo Tuomi | Jul 14, 2024 | Business, Investment, Laos, News, Technology, Vietnam

Laos and Vietnam have signed seven pacts on various areas of cooperation, serving to deepen the collaboration between the two nations. The cooperation pacts include a Memorandum of Understanding (MOU) on the establishment of a citizen and ID (identification card)...
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