by Teuvo Tuomi | May 4, 2023 | Vietnam, Economy, Food & Drinks
The consumer price index (CPI) in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office (GSO). In the first four months of this year, the index rose by 3.84% year-on-year, mainly due to increases in...
by Teuvo Tuomi | Apr 26, 2023 | Thailand, Economy, News, Technology
Thailand’s Eastern Economic Corridor Office is fast-tracking five key investment projects, with a major focus on e-services. These megaprojects are the high-speed railway linking Suvarnabhumi, Don Muang, and U-Tapao airports, the expansion of U-Tapao Airport and...
by Teuvo Tuomi | Apr 21, 2023 | China, Asia, Economy, News
The Bank of Finland Institute for Emerging Economies (BOFIT) expects China’s GDP growth to reach around 6% this year due to the opening-up of the economy and last year’s low reference basis. Recovery of the real estate sector should also help increase GDP growth next...
by Teuvo Tuomi | Apr 16, 2023 | ASEAN, Economy, Laos, News, Southeast Asia
The International Monetary Fund (IMF) predicts that Laos’ economy will grow by 4% this year and in 2024. This is mainly due to China reopening its borders and removing travel restrictions, according to the IMF’s April economic outlook. “The reopening and growth...
by Teuvo Tuomi | Apr 6, 2023 | ASEAN, Business, Economy, News, Southeast Asia
The decision by Southeast Asian countries to use local currencies in intraregional trade will help reduce external risks because it will lessen dependence on international currencies such as the US dollar, experts say. Members of the Association of Southeast Asian...
by Teuvo Tuomi | Apr 5, 2023 | ASEAN, Business, Economy, EU, Singapore, Southeast Asia
Singapore and the EU have signed a digital trade agreement, making it the fifth of its kind signed by the city-state. The agreement promotes interoperability between digital systems to encourage more seamless cross-border data flows as well as develops an open and...
