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Marcos Government Misses Growth Target

Marcos Government Misses Growth Target

by Teuvo Tuomi | May 10, 2024 | Business, Economy, News, Philippines

High inflation and borrowing costs slowed down the first-quarter growth of the Philippine economy, causing the “Bongbong” Marcos’s government to miss its target. Gross domestic product (GDP) grew 5.7% year-on-year in the first quarter, faster than...
Thai PM Wants to Recriminalize Cannabis

Thai PM Wants to Recriminalize Cannabis

by Teuvo Tuomi | May 9, 2024 | Business, Crime, Health, News, Thailand

Thailand will re-list cannabis as a narcotic by year-end, according to Prime Minister Srettha Thavisin. After becoming one of the first countries in Asia to decriminalize its recreational use, the domestic retail sector for marijuana has been booming in Thailand, with...
Finnish Study Supports Contractual Work Model for Berry Pickers

Finnish Study Supports Contractual Work Model for Berry Pickers

by Teuvo Tuomi | May 8, 2024 | Finland, Business, News, Reports, Research, Thailand

A study by the Finnish Pellervo Economic Research and the University of Vaasa have evaluated the economic impacts that two different regulatory options: that pickers coming to Finland would either have a contractual employment relationship based on seasonal work or...
Singapore Airlines Signs Sustainable Jet Fuel Deal with Neste

Singapore Airlines Signs Sustainable Jet Fuel Deal with Neste

by Teuvo Tuomi | May 7, 2024 | Singapore, Business, Environment, Finland, News, Travel

Singapore Airlines says it will buy 1,000 tonnes of sustainable aviation fuel (SAF) from Neste, the first purchase of the low-carbon jet fuel from the Finnish firm’s Changi refinery. The carrier says it will purchase the SAF to blend with conventional fuel for use by...
Microsoft Will Invest 1.7 Billion USD in Indonesia’s AI Infrastructure

Microsoft Will Invest 1.7 Billion USD in Indonesia’s AI Infrastructure

by Teuvo Tuomi | May 2, 2024 | Business, Digitalization, Economy, Indonesia, Investment, News, Visions

Microsoft will “invest US$1.7 billion over the next four years in new cloud and AI infrastructure in Indonesia, as well as AI skilling opportunities for 840,000 people, and support for the nation’s growing developer community,” the company says. Indonesia’s...
RTS Link Proceeding Faster Than Planned

RTS Link Proceeding Faster Than Planned

by Teuvo Tuomi | Apr 28, 2024 | Malaysia, Business, News, Singapore, Travel

The railway infrastructure of Rapid Transit System Link (RTS Link), which connects Johor and Singapore by rail, is about 70% complete, Malaysia’s Transport Minister Anthony Loke says. The construction of the mega project’s railway infrastructure had reached...
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