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Nusantara Faces Another Delay

Nusantara Faces Another Delay

by Teuvo Tuomi | Jul 10, 2024 | Indonesia, Business, Economy, Investment, News, Society, Visions

The US$32 billion Nusantara Capital City (IKN) project has met with another delay, as key infrastructure remains incomplete just weeks before its planned inauguration in mid-August in East Kalimantan. President Joko “Jokowi” Widodo says that the issuance of a...
FTAs Help Cambodia Attract More Foreign Investment: National Bank

FTAs Help Cambodia Attract More Foreign Investment: National Bank

by Teuvo Tuomi | Jul 8, 2024 | Cambodia, Business, Infrastructure, Innovation, Investment, News, Trade

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 Governor Chea Serey says....
Ho Chi Minh’s Real Estate Revenue Surges Over 6%

Ho Chi Minh’s Real Estate Revenue Surges Over 6%

by Teuvo Tuomi | Jul 7, 2024 | Vietnam, Business, Ho Chi Minh, Infrastructure, Lifestyle, News, Society

Real estate revenue in Ho Chi Minh City reached VND124 trillion ($4.9 billion) in the first half of the year, up 6.1% year-on-year, according to the HCMC Statistics Office. The real estate market has shown signs of recovery this year, with 3% growth in the second...
Thailand Continues to Underperform: BoT

Thailand Continues to Underperform: BoT

by Teuvo Tuomi | Jul 5, 2024 | Economy, Business, Inflation, Infrastructure, Innovation, Investment, News, Thailand, Tourism, Trade

Thailand’s economic growth potential is expected to hover around 3% for the next five years, according to Bank of Thailand governor Sethaput Suthiwartnarueput. This is a decline from closer to 3.5% reported in the years before the Covid-19 pandemic. Many households in...
New Degree Permits Private Sales of Solar Energy in Vietnam

New Degree Permits Private Sales of Solar Energy in Vietnam

by Teuvo Tuomi | Jul 4, 2024 | Vietnam, Business, Climate, Energy, Environment, Technology

Rooftop solar and other renewable power can now be sold directly through private transmission lines without going through Vietnam Electricity as an intermediary. Wind, biomass, micro-hydropower, geothermal, wave, and tidal energy plants are also included in the...
Thailand’s Canned Tuna Exports Soaring

Thailand’s Canned Tuna Exports Soaring

by Teuvo Tuomi | Jul 1, 2024 | Food & Drinks, Business, Lifestyle, News, Technology, Thailand

Thailand exported over 220,000 tonnes of canned tuna in the first five months of 2024 with a value of 979 million USD, up 19.4% in volume and 13.4% in value, compared to the same period last year. Factors for the surge of Thai canned tuna exports this year are lower...
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