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Wage Hikes Could Harm SMEs: JFCCT

Wage Hikes Could Harm SMEs: JFCCT

by Teuvo Tuomi | May 29, 2024 | Business, Economy, News, Society, Thailand, Visions

Raising the daily minimum wage to 400 baht is one of the flagship policies of the current Thai government, vowing to deliver this policy by this October. However, several organizations have been worried about the negative impacts of this move. In an interview with...
Vietnam’s Pharmaceutical Industry Facing Slowdown

Vietnam’s Pharmaceutical Industry Facing Slowdown

by Teuvo Tuomi | May 29, 2024 | Economy, Business, Health, News, Vietnam

After record profits in 2023, Vietnam’s pharmaceutical industry is facing limitations in 2024 due to rising raw material costs and increased market competition. SSI Securities Corporation forecasts pharmaceutical profit growth of 8.4% in 2024, lower than the...
Real Estate Keeps Booming in Thailand’s Tourist Spots

Real Estate Keeps Booming in Thailand’s Tourist Spots

by Teuvo Tuomi | May 27, 2024 | Business, Economy, Infrastructure, Investment, News, Thailand, Tourism

In the first quarter of this year, major real estate conglomerates have invested over 56 billion baht into projects in Phuket, Pattaya, and Hua Hin. Prasert Taedullayasatit, president of the Thai Condominium Association, describes the status of the real estate...
Chinese SEA-Made Panels Targeted

Chinese SEA-Made Panels Targeted

by Teuvo Tuomi | May 26, 2024 | Business, ASEAN, China, Economy, News, Southeast Asia, Technology, Trade

Solar products made by Chinese companies’ overseas units or joint ventures are the target of a new round of US investigation into allegations that imports from Cambodia, Malaysia, Thailand, and Vietnam are unfairly subsidized and priced low. Several US solar...
Indonesia and Finland Explore Collaboration

Indonesia and Finland Explore Collaboration

by Teuvo Tuomi | May 24, 2024 | Business, Digitalization, Finland, Indonesia, News, Technology

Communication and Informatics Minister Budi Arie Setiadi says that the governments of Indonesia and Finland are exploring cooperation opportunities in three fields. “The Finnish Government wants to co-operate with the Indonesian Government for three things. The...
AI Adoption Still Slow in Thailand

AI Adoption Still Slow in Thailand

by Teuvo Tuomi | May 22, 2024 | Business, Reports, Research, Technology, Thailand

A recent study by the Boston Consulting Group (BCG) has found that consumers in emerging markets, including Thailand, are generally among those who are particularly open to and excited about AI, particularly Generative AI (GenAI). However, only a few companies in...
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