by Teuvo Tuomi | Aug 13, 2024 | China, Economy, Investment, Trade, Vietnam
In Vietnam, more than 11 billion USD in foreign investment (FDI) was registered during the first five months of 2024, up 2% year on year, reported the Foreign Investment Agency (FIA). According to FIA, Singapore tops foreign investors in Vietnam during the period,...
by Teuvo Tuomi | Aug 11, 2024 | Malaysia, Business, Economy, News, Society
Civil servants in Malaysia may receive up to a 42.7% pay hike under the revised Public Service Remuneration System (SSPA), says Fahmi Fadzil, the Communications Minister. “As previously mentioned, the guidelines related to the salary increase among the civil servants...
by Teuvo Tuomi | Aug 8, 2024 | China, Economy, News
China’s State Grid is at 3rd place with a revenue of $545.95 billion in 2023 on this year’s Fortune Global 500 list, Fortune China reports. Chinese Sinopec Group ($429.7billion) and China National Petroleum Corp ($421.71 billion) also excelled on the list, taking the...
by Teuvo Tuomi | Aug 2, 2024 | Asia, Business, Economy, Japan, News
The Bank of Japan has decided at a monetary policy meeting to raise its short-term interest rate target to about 0.25%. This is the second increase this year. Bank of Japan Gov. Kazuo Ueda indicates the interest rate could be flexibly hiked in line with economic...
by Teuvo Tuomi | Jul 31, 2024 | Business, Economy, News, Vietnam
Vietnam’s retail sales and services revenue in the first seven months of this year totaled about VNĐ3.6 quadrillion (US$143.2 billion), up 8.7% year-on-year, the General Statistics Office (GSO) reports. In July alone, the value was VNĐ528.3 trillion, a rise of...
by Teuvo Tuomi | Jul 30, 2024 | Business, Economy, Exports, Indonesia, Manufacturing, News
Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan says the government has decided to designate the Batang Integrated Industrial Zone (KITB) as a special economic zone (SEZ). The KITB is set to benefit from certain incentives reserved for SEZs. “We...
