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January 2025: Malaysia Chairs ASEAN, Singapore Hikes Corporate Tax

January 2025: Malaysia Chairs ASEAN, Singapore Hikes Corporate Tax

by Teuvo Tuomi | Dec 31, 2024 | ASEAN, Asia, Business, Economy, Indonesia, Malaysia, News, Singapore, Thailand

We all hope that 2025 will start on a positive note. Here are some of the main regional topics for the January 2025, listed by Nikkei Asia: Malaysia takes up ASEAN chair Malaysia takes up the rotating chair of the Association of Southeast Asian Nations (ASEAN) as...
Indonesia’s Golden Visa Falls Short of Target

Indonesia’s Golden Visa Falls Short of Target

by Teuvo Tuomi | Dec 18, 2024 | Business, Indonesia, Investment, News, Reports, Visas

Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration. “The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the...
Thailand Launches Debt Relief Initiative

Thailand Launches Debt Relief Initiative

by Teuvo Tuomi | Dec 14, 2024 | News, Business, Economy, Thailand

Thailand’s Finance Ministry plans to launch an ambitious debt relief initiative titled “You Fight, We Help”, targeting retail debtors, homeowners, car owners, and small businesses. The project has already been approved by the Cabinet. “We recognize the...
Thailand’s Proposed Wage Hike Causes Concern

Thailand’s Proposed Wage Hike Causes Concern

by Teuvo Tuomi | Dec 10, 2024 | News, Business, Economy, Society, Thailand

The chairmen of the Thai Chamber of Commerce (TCC) and the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) support improving Thai workers’ income levels but are not ready to endorse the 400-baht nationwide increase. TCC chairman Sanan...
Vietnam’s Energy Sector Faces Critical Challenges

Vietnam’s Energy Sector Faces Critical Challenges

by Teuvo Tuomi | Dec 8, 2024 | Vietnam, Business, Economy, Energy, News, Technology

According to analysts, Vietnam’s energy sector faces several critical challenges. There’s also an urgent need for strategic reforms. Key issues include the transition to net-zero emissions, potential energy shortages, limited diversification of energy...
Thailand’s EV Makers Facing Sales Slump

Thailand’s EV Makers Facing Sales Slump

by Teuvo Tuomi | Dec 7, 2024 | Business, Economy, Energy, News, Technology, Thailand

Thailand’s electric vehicle (EV) makers consider leaving the government’s incentive scheme due to a market slowdown, the Electric Vehicle Association of Thailand (EVAT) reports. Launched in 2022, the EV3.0 scheme offers benefits like reduced taxes and...
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