by Teuvo Tuomi | Jan 16, 2024 | China, Business, News, Technology
China owned about 4.02 million domestic valid invention patents by the end of 2023. This is up 22.4% year-on-year, making it the first country in the world to hold this many patents, the National Intellectual Property Administration (NIPA) reports. “High-value...
by Teuvo Tuomi | Jan 9, 2024 | Cambodia, Business, Environment, News
For 2023, Cambodia exported almost 8.5 million tonnes of agricultural products, a decrease of 1.9% compared to 2022. The exports generated over 4.3 billion US dollars, with shipments of milled rice valued at over $567 million, unmilled paddy rice at $939 million, and...
by Teuvo Tuomi | Jan 5, 2024 | Business, Economy, Indonesia, News
Despite some good news, Indonesia’s economy still took a hit from weaker global demand last year, leading to almost 300,000 workers being laid off in export-oriented industries. The Manpower Ministry recorded that almost 300,000 people were laid off from January to...
by Teuvo Tuomi | Jan 4, 2024 | Business, News, Philippines
The Philippine Stock Exchange Index (PSEi) rebounded over 100 points on Thursday as domestic and foreign investors bought up blue-chip stocks a day after a glitch halted trading for a few hours due to an unexplained “technical issue.” By the closing bell, the PSEi...
by Teuvo Tuomi | Dec 30, 2023 | Business, Economy, News, Vietnam
Vietnam’s economy remained better than expected in 2023, and it will likely only improve as consumer demand returns, exports recover, and investments surge. Gross domestic product rose slightly over 5% from a year earlier after an initial 8% increase in the previous...
by Teuvo Tuomi | Dec 26, 2023 | Asia, Business, Economy, News
Freight rates from Asia have spiked by 53% in a month depending on the route plus container shipping giants. Moreover, carriers like British Petroleum have halted transit via the Red Sea-Suez Canal route after the attacks, the latest Freightos data says. The...
