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Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam

Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
Singapore Remains Best Airline in Asia

Singapore Remains Best Airline in Asia

by Teuvo Tuomi | Jun 26, 2024 | Asia, Business, News, Singapore, Tourism, Travel

In addition to being named the World’s Best Airline 2024, Qatar Airways also scooped the top awards for the World’s Best Business Class, the World’s Best Business Class Lounge and the Best Airline in the Middle East at the Skytrax World Airline Awards. The 2023...
Indonesia Has Most Large Corporations in Southeast Asia

Indonesia Has Most Large Corporations in Southeast Asia

by Teuvo Tuomi | Jun 22, 2024 | Reports, ASEAN, Business, Cambodia, Economy, Indonesia, Malaysia, Philippines, Singapore, Southeast Asia, Thailand, Vietnam

For the first time, Fortune’s Southeast Asia 500 ranking for 2024 lists the region’s largest companies by revenue in the fiscal year 2023. With one of the world’s fastest-growing regions now having its own Fortune 500 list, this progress reflects Southeast Asia’s...
Technology Spending Expected to Surge in Asia Pacific: Report

Technology Spending Expected to Surge in Asia Pacific: Report

by Teuvo Tuomi | Jun 20, 2024 | ASEAN, AI, Business, Innovation, News, Reports, Southeast Asia, Technology, Visions

Recently published “Asia Pacific Tech Spend Forecast” expects tech spending in the region to remain robust and grow by a compounded annual growth rate of 6.4% to 7.4% annually, reaching US$876 billion in 2027. Over the next few years, software spending would continue...
Cambodia Plans to Transform Its Transport System

Cambodia Plans to Transform Its Transport System

by Teuvo Tuomi | Jun 18, 2024 | Cambodia, Business, Infrastructure, Investment, News, Trade, Transportation, Travel

In an effort to transform Cambodia into a regional investment hub, the government has launched the Comprehensive Intermodal Transport Master Plan (CIT-MP) to modernize and upgrade infrastructure and logistics systems nationwide. The CIT-MP prioritizes 174 projects in...
Hong Kong Expected to Get Over 5 Billion USD in New Investments

Hong Kong Expected to Get Over 5 Billion USD in New Investments

by Teuvo Tuomi | Jun 17, 2024 | Business, AI, China, Energy, Hong Kong, Investment, News

The recently established Office for Attracting Strategic Enterprises (OASES) has managed to lure 50 industry leaders to establish a presence in Hong Kong, underlining the city’s advantages such as geographical location and policy support. This is expected to bring...
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