by Teuvo Tuomi | Dec 30, 2023 | Indonesia, Economy, Environment, News
Indonesia is facing serious challenges to cut carbon emissions. The installed capacity for new and renewable energy (NRE) reached 12.5% of the total electricity generation capacity in mid-2023, according to the Energy and Mineral Resources Ministry. This is far below...
by Teuvo Tuomi | Dec 30, 2023 | Business, Economy, News, Vietnam
Vietnam’s economy remained better than expected in 2023, and it will likely only improve as consumer demand returns, exports recover, and investments surge. Gross domestic product rose slightly over 5% from a year earlier after an initial 8% increase in the previous...
by Teuvo Tuomi | Dec 29, 2023 | Economy, Malaysia, News
The rebound in demand for tech products could help Malaysia’s trade grow in 2024. However, risks of an economic slowdown in the United States and China could result in uneven demand, according to economists. The Statistics Department yesterday revealed Malaysia’s...
by Teuvo Tuomi | Dec 29, 2023 | Laos, Economy, Travel
Laos continues faces surging inflation, a scarcity of labor, and an expanding trade deficit. In response, the nation has initiated the Visit Lao Year 2024 campaign, turning to tourism as a key strategy to overcome economic obstacles. The government officially...
by Teuvo Tuomi | Dec 26, 2023 | Asia, Business, Economy, News
Freight rates from Asia have spiked by 53% in a month depending on the route plus container shipping giants. Moreover, carriers like British Petroleum have halted transit via the Red Sea-Suez Canal route after the attacks, the latest Freightos data says. The...
by Teuvo Tuomi | Dec 22, 2023 | Economy, Environment, Laos, News, Technology, Vietnam
Vietnam Electricity (EVN) proposes importing wind power from the Lao People’s Democratic Republic (Lao PDR) to Quang Tri Province. EVN wants the Ministry of Industry and Trade (MoIT) to review the proposal to import electricity from the Truong Son Wind Power Plant,...
