by Teuvo Tuomi | Sep 10, 2024 | News, Economy, Philippines, Society
In the Philippines, the unemployment rate surged to a one-year high of 4.7% last July as more young Filipinos joined the labor force but have yet to find a job, the Philippine Statistics Authority (PSA) reports. This jobless rate in the previous month was only 3.1%....
by Teuvo Tuomi | Sep 9, 2024 | China, Economy, Investment, News
Restrictions on foreign investment in China’s manufacturing sector will be lifted with the release of the 2024 version of the “negative list” for foreign investment access, according to the National Development and Reform Commission (NDRC) and the...
by Teuvo Tuomi | Sep 8, 2024 | Thailand, Economy, News, Technology, Transportation
The number of passenger EV registrations in Thailand is estimated to reach only 80,000 this year, according to Suraj Sangsnit, president of the Electric Vehicle Association of Thailand. This is a 5% increase from the 76,000 units sold last year, but it falls short of...
by Teuvo Tuomi | Sep 8, 2024 | Thailand, Economy, News, Taxation
The Thai Revenue Department is drafting a income tax law. The aim is to start taxing the income of individuals residing in Thailand that originates from overseas. The draft follows the international principle of worldwide income under the residence rule, according to...
by Teuvo Tuomi | Sep 1, 2024 | Economy, News, Philippines
In the Philippines, inflation might have gone down in August due to lower oil prices, a strong peso and more affordable rice, meat and fish, according to the latest forecast of the Bangko Sentral ng Pilipinas (BSP). The BSP projects inflation last month to have...
by Teuvo Tuomi | Aug 31, 2024 | Vietnam, Economy, Manufacturing, News
The registration fee for Vietnamese-made cars will be cut by 50% for three months starting in September, according to the government. This is for a fourth straight year that the cut is being implemented, but every time in the past it was only for six months. The...
