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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)...
Record Number of Green Power Certificates Traded in China

Record Number of Green Power Certificates Traded in China

by Teuvo Tuomi | Jul 12, 2024 | Climate, Business, China, Energy, Environment, Lifestyle, News, Sustainability, Visions

Almost 25 million green power certificates, corresponding to 24.8 billion kilowatt-hours of electricity generated from renewable sources, have been traded in the last week of June on the Guangzhou Power Exchange Center in Guangdong province. This marks China’s...
Thailand’s GDP Unlikely to Grow as Expected: NESDC

Thailand’s GDP Unlikely to Grow as Expected: NESDC

by Teuvo Tuomi | Jul 12, 2024 | Business, Economy, News, Thailand

Thailand’s GDP growth is unlikely to increase in the second half of this year as anticipated by the Bank of Thailand (BOT), according to the chairman of the National Economic and Social Development Council (NESDC), Mr. Supavud Saicheua. Supavud says the...
Red Bull Now the Richest Family in Thailand

Red Bull Now the Richest Family in Thailand

by Teuvo Tuomi | Jul 10, 2024 | Business, Economy, Lifestyle, News, Society, Thailand

Red Bull co-owner Chalerm Yoovidhya heads Thailand’s richest family according to the latest Forbes list, surpassing the Chearavanont brothers. Forbes Asia says that Mr. Chalerm’s family increased their wealth by 2.6 billion USD (95.8 billion baht) to 36...
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