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China Readies to Increase Gov’t Debt

China Readies to Increase Gov’t Debt

by Teuvo Tuomi | Oct 12, 2024 | China, Business, Economy, News, Reports

China says it will “significantly increase” government debt to offer subsidies and to revive economic growth. Finance Minister Lan Foan says there will be more “counter-cyclical measures” this year. China faces deflationary pressures due to a...
Grace Wang Tops Asia’s Powerful Women Ranking

Grace Wang Tops Asia’s Powerful Women Ranking

by Teuvo Tuomi | Oct 9, 2024 | Asia, Business, Equality, News

The Fortune 100 Most Powerful Women (MPW) Asia rankings recognize women redefining leadership by transforming companies, disrupting industries, and driving growth, innovation, and business excellence. The list includes 53 CEOs, 26 Chairpersons, and 11 Chief Financial...
VTT Introduces Finnish Smart Solutions to Thai Giant

VTT Introduces Finnish Smart Solutions to Thai Giant

by Teuvo Tuomi | Oct 8, 2024 | Business, Finland, Innovation, News, Sustainability, Technology, Thailand

A group from VTT Technical Research Center has met Charoen Pokphand Group’s representatives in Bangkok. VTT exchanged information on sustainable solutions, including VTT presented examples of projects using technology to drive sustainability, such as projects in...
Vietnam’s Growth Remains Strong Despite Yagi

Vietnam’s Growth Remains Strong Despite Yagi

by Teuvo Tuomi | Oct 7, 2024 | Vietnam, Business, Economy, News

Vietnam’s gross domestic product (GDP) increased by 7.4% during the 3rd quarter of this year despite damage caused by Typhoon Yagi, the General Statistics Office (GSO) reports. The industry, construction, and service sectors remain strong, with a growth rate of 9.1%...
Retail Sales in Singapore Remain Soft

Retail Sales in Singapore Remain Soft

by Teuvo Tuomi | Oct 5, 2024 | Business, Economy, News, Retailing, Singapore

Retail sales in Singapore rose by 0.6% in August from the same month a year ago, according to Department of Statistics data. This was higher than the 0.2% increase forecast by analysts in a Bloomberg poll. However, excluding motor vehicle sales, August’s retail...
PYN Bullish on Vietnamese Banks

PYN Bullish on Vietnamese Banks

by Teuvo Tuomi | Oct 2, 2024 | Business, Finland, Investment, News, Vietnam

Finnish fund PYN Elite is heavily betting on Vietnamese banking stocks. The PYN Elite’s allocation to Vietnamese banks represents a strategic investment as local banks tend to have sector-specific rallies in cycles of a few years, the fund says. At the end of...
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