by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia
According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....
by Teuvo Tuomi | Dec 10, 2023 | Laos, China, Economy, News
An alarming debt crisis has unfolded in Laos, raising worries about the nation’s obligations to its biggest creditors like China. A majority of Laos’ public debt, which the IMF estimates is 122% of GDP this year, is owed to China due to infrastructure...
by Teuvo Tuomi | Dec 9, 2023 | Business, Economy, News, Vietnam
Motorcycle sales in Vietnam have shown a modest increase in the recent quarter, but cumulative sales since the beginning of the year significantly decreased compared to the same period last year, according to the Vietnam Association of Motorcycle Manufacturers (VAMM)....
by Teuvo Tuomi | Dec 9, 2023 | Cambodia, Business, Economy, News
Cambodia exported over 260,000 tons of fresh bananas to international markets in the first 11 months of 2023, decreasing nearly 24% compared to the same period last year, according to the Ministry of Agriculture, Forestry and Fisheries. According to the ministry, the...
by Teuvo Tuomi | Dec 7, 2023 | Laos, Economy, Thailand, Travel
81% of the 5th Lao-Thai Friendship Bridge Project has already been completed, including 69% of the bridge and 93% of related facilities. The bridge should be operational by the end of 2024. The project started in August 2019, funded by a 1.38 billion (USD 39 million)...
by Teuvo Tuomi | Dec 5, 2023 | ASEAN, Business, China, Economy, Thailand
The latest megaproject for China could be the Land Bridge project in Thailand, which uses rail links to connect the Andaman Sea and the Gulf of Thailand and bypass Malacca entirely. The project, a replacement for the more controversial Kra Canal, was brought up by...
