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...
by Teuvo Tuomi | Dec 19, 2023 | Indonesia, Business, Economy
The Indonesian Chamber of Commerce and Industry (Kadin) encourages the government to attract more skilled expatriates to work in the country while not neglecting the local workforce. Tigor M. Siahaan, Kadin’s department head of monetary policy and financial services,...
by Teuvo Tuomi | Dec 13, 2023 | Indonesia, Business, China, Technology
Chinese-owned short video app TikTok has announced a 1.5 billion US dollar investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement. Under the deal, TikTok Shop will be merged into GoTo’s...
by Teuvo Tuomi | Dec 9, 2023 | Business, Economy, News, Vietnam
Motorcycle sales in Vietnam have shown a modest increase in the recent quarter, but cumulative sales since the beginning of the year significantly decreased compared to the same period last year, according to the Vietnam Association of Motorcycle Manufacturers (VAMM)....
by Teuvo Tuomi | Dec 9, 2023 | Cambodia, Business, Economy, News
Cambodia exported over 260,000 tons of fresh bananas to international markets in the first 11 months of 2023, decreasing nearly 24% compared to the same period last year, according to the Ministry of Agriculture, Forestry and Fisheries. According to the ministry, the...
by Teuvo Tuomi | Dec 8, 2023 | Business, China, News, Research, Technology, Thailand
China will establish a China Automotive Technology and Research Center (CATARC) in Thailand, the Thai government says. This is the center’s fourth such facility in the world. Thai government tax incentives and subsidies have already drawn Chinese carmakers,...
