by Teuvo Tuomi | Jul 10, 2024 | Indonesia, Business, Economy, Investment, News, Society, Visions
The US$32 billion Nusantara Capital City (IKN) project has met with another delay, as key infrastructure remains incomplete just weeks before its planned inauguration in mid-August in East Kalimantan. President Joko “Jokowi” Widodo says that the issuance of a...
by Teuvo Tuomi | Jul 5, 2024 | Economy, Business, Inflation, Infrastructure, Innovation, Investment, News, Thailand, Tourism, Trade
Thailand’s economic growth potential is expected to hover around 3% for the next five years, according to Bank of Thailand governor Sethaput Suthiwartnarueput. This is a decline from closer to 3.5% reported in the years before the Covid-19 pandemic. Many households in...
by Teuvo Tuomi | Jul 4, 2024 | Economy, Indonesia, News, Society
Coordinating Minister for Human Development and Culture Muhadjir Effendy says that Indonesia’s poverty rate in March 2024 was the lowest on record in the last ten years. “Based on Statistics Indonesia (BPS) data, the poverty rate in Indonesia stood at...
by Teuvo Tuomi | Jul 3, 2024 | Digitalization, Economy, Indonesia, Innovation, Investment, Korea, Manufacturing, News, Technology, Transportation
Indonesian President Joko Widodo (Jokowi) says that Indonesia is becoming a global player in the electric vehicle (EV) ecosystem after the inauguration of the South Korean battery and electric vehicle ecosystem in Indonesia at PT Hyundai LG Indonesia (HLI) Green Power...
by Teuvo Tuomi | Jul 3, 2024 | Tourism, Economy, Lifestyle, News, Thailand, Travel
Thailand’s Cabinet confirms that all duty-free shops in the arrivals areas of Thai airports will be closed to boost domestic spending. Deputy government spokesperson Rudklao Suwankiri says the move would promote Thailand as a shopping hub and stimulate the...
by Teuvo Tuomi | Jun 29, 2024 | Economy, China, Indonesia, News, Trade
Indonesia will soon impose up to a 200-percent import tariff on Chinese goods to mitigate the effects of the ongoing trade war between China and the United States. Indonesia’s Trade Minister Zulkifli Hasan says that the policy will take effect once the related...
