by Teuvo Tuomi | Mar 15, 2025 | ASEAN, Business, Economy, Investment, News, Southeast Asia, Visions
ASEAN aims to become the world’s fourth-largest economy by 2030, as the region strengthens trade, investment and economic partnerships. Speaking at the “ASEAN Secretary-General’s Vision Forum 2025”, current ASEAN secretary-general Kao Kim Hourn highlighted the...
by Teuvo Tuomi | Mar 4, 2025 | Business, Economy, Inflation, Laos, News
Laos’ inflation rate dropped slightly in February to 12.7%, down from 15.5% in January, according to data from the National Statistics Bureau. In February, healthcare and medicine costs decreased by 22.7% but remained among the highest categories. Food and...
by Teuvo Tuomi | Feb 20, 2025 | Business, Economy, Manufacturing, News, Thailand
Thailand’s factory closures are accelerating nationwide. For the past two years, an average of at least 100 businesses have shuttered their doors each month, according to data from the Kasikorn Research Center (KResearch). The forecasts suggest closures will continue...
by Teuvo Tuomi | Feb 18, 2025 | Business, Economy, News, Thailand
Gross domestic product expanded by 2.5%, the Office of the National Economic and Social Development Council (NESDC) said. This is lower than the 2.7% forecast as the manufacturing and agriculture sectors contracted. The figures come after the current government...
by Teuvo Tuomi | Feb 7, 2025 | Business, Economy, Inflation, News, Thailand
Thailand’s inflation grew 1.32% year-on-year in January, making it the 10th consecutive monthly rise. Higher fuel costs and food and beverage prices drove the increase. According to Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office...
by Teuvo Tuomi | Jan 26, 2025 | Business, ASEAN, Asia, Economy, News, Vietnam
Vietnam is forecast to achieve a growth rate of 6.5% in 2025, maintaining its position among the fastest-growing economies in the ASEAN+3 region, according to the ASEAN+3 Macroeconomic Research Office (AMRO)’s report. This projection is lower than the country’s...
