by Teuvo Tuomi | Mar 15, 2023 | Economy, Asia, Business, Indonesia, News
Indonesian Trade Minister Zulkifli Hasan would like Indonesia and India immediately start negotiating the bilateral Preferential Trade Agreement (PTA), which has been under consideration since 2020. “The PTA can optimize the economic potentials of the two...
by Teuvo Tuomi | Mar 13, 2023 | Asia, Business, Economy, News
Shares of banks in Asia slumped on Monday after the collapse of a U.S. startup-focused bank. The U.S. administration announced on Sunday a series of emergency measures to shore up confidence in the banking system following the failure of Silicon Valley Bank...
by Teuvo Tuomi | Mar 11, 2023 | ASEAN, Business, Economy, Southeast Asia
With the exception of Thailand, the five largest economies in Southeast Asia (ASEAN-5) will show lower growth this year. The main reasons for this are tight financial conditions and weak external demand, according to Atradius. Growth of private consumption and...
by Teuvo Tuomi | Mar 9, 2023 | Singapore, Business, Economy, News
Singapore’s economy should grow faster next year than this year, while inflation will likely ease this year and drop further in 2024, a quarterly survey of private sector economists by the Monetary Authority of Singapore (MAS) reveals. The forecasts for the...
by Teuvo Tuomi | Mar 5, 2023 | ASEAN, Business, Economy, Southeast Asia, Technology
According to the Asian Development Bank (ADB) and the International Monetary Fund (IMF), the Southeast Asian (SEA) economy is forecasted to grow by 4.7% in 2023, much faster than the global average of 2.7%. Some reports even suggest that ASEAN is on track to become...
by Teuvo Tuomi | Mar 1, 2023 | Business, Technology, Visions
The ongoing Mobile World Congress (MWC) in Barcelona is proclaiming that 5G was “unlocking untapped value for all players across the entire ecosystem” and “redefining how the world connects.” However, Christel Heydemann, boss of the French network Orange begs to...
