by Teuvo Tuomi | Apr 18, 2024 | China, Economy, News, Thailand, Trade
The Thai government is considering imposing a 7% value-added tax on Chinese goods priced less than 1,500 baht (US$40) routed through Thailand’s free trade zones to protect local businesses impacted by the flood of cheap imports. Currently, goods not exceeding the...
by Teuvo Tuomi | Apr 18, 2024 | News, Economy, Energy, Malaysia
The plan to remove blanket fuel subsidies this year is on track, Malaysian Economy Minister Rafizi Ramli says. The move is to reduce the national fiscal deficit. Last year, Rafizi announced the targeted RON95 subsidy program in the second half of 2024 to optimize its...
by juuso | Apr 18, 2024 | Partners, ASEAN, Economy, Finland
Seven Stones Finland seeks Finnish innovations and investments suitable for Asia and assists in opening new markets in partnership with Seven Stones Indonesia and Asian Insiders. Our mission is to share experiences and information on succeeding in Asian markets. ...
by Teuvo Tuomi | Apr 17, 2024 | ASEAN, Asia, Economy, News, Southeast Asia, Visions
According to the new Asian Development Outlook (ADO) by the Asian Development Bank (ADB), developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its growth amid robust domestic demand, improving...
by Teuvo Tuomi | Apr 17, 2024 | Economy, News, Thailand
The Thai Chamber of Commerce expects Thailand’s GDP for the second quarter of 2024 to likely exceed 3% and continue to perform well for the remainder of the year, citing the disbursement of the budget and the growing tourism sector as positive factors. There are...
by Teuvo Tuomi | Apr 15, 2024 | Laos, Economy, News
Laos is expected to see moderate economic growth this year and the next, largely driven by external demand fueled by tourism and trade, according to the latest Asian Development Bank (ADB) report. ADB predicts that Laos’ gross domestic product (GDP) will rise by 4% in...
