by Teuvo Tuomi | May 6, 2024 | Indonesia, Economy, News
According to Statistics Indonesia (BPS), Indonesia’s economic growth in the first quarter (Q1) of 2024 stood at 5.11% year-on-year, the highest level since 2015. Acting Head of BPS Amalia Adininggar Widyasanti notes that the main contributors to the economy in...
by Teuvo Tuomi | May 4, 2024 | Economy, Food & Drinks, News, Thailand, Trade
The weakening baht sent Thai rice exports for the first quarter of 2024 up by 19.4%, from 2.06 million tonnes last year to 2.46 million. The export value for the January-March period is estimated at 56.73 billion baht, or US$1.61 billion, a 49% increase from the same...
by Teuvo Tuomi | May 2, 2024 | Business, Digitalization, Economy, Indonesia, Investment, News, Visions
Microsoft will “invest US$1.7 billion over the next four years in new cloud and AI infrastructure in Indonesia, as well as AI skilling opportunities for 840,000 people, and support for the nation’s growing developer community,” the company says. Indonesia’s...
by Teuvo Tuomi | Apr 30, 2024 | Vietnam, Economy, Hanoi, Investment, News
Hanoi apartment prices have risen by 38% from 2019, according to the Ministry of Construction. Many projects sell at over VND60 million (about $2,400) per square meter, rising to even VND150 million in some places. The smallest apartment (40 sq.m) at Heritage West...
by Teuvo Tuomi | Apr 26, 2024 | Indonesia, Business, Economy, News
Bank Indonesia (BI) has raised its key interest rates in what it calls a “preemptive measure” in light of global risks caused by the uncertain outlook for monetary policy in the United States and geopolitical tensions. The central bank lifted the benchmark BI Rate by...
by Teuvo Tuomi | Apr 21, 2024 | Economy, Finland, Investment, News
Last year, Finnish startups experienced a significant reduction in funding, down from the previous year’s record highs. According to the Finnish Venture Capital Association (FVCA), total growth funding for Finnish startups was approximately €871 million, a sharp...
