by Teuvo Tuomi | Mar 13, 2023 | Asia, Business, Economy, News
Shares of banks in Asia slumped on Monday after the collapse of a U.S. startup-focused bank. The U.S. administration announced on Sunday a series of emergency measures to shore up confidence in the banking system following the failure of Silicon Valley Bank...
by Teuvo Tuomi | Mar 11, 2023 | ASEAN, Business, Economy, Southeast Asia
With the exception of Thailand, the five largest economies in Southeast Asia (ASEAN-5) will show lower growth this year. The main reasons for this are tight financial conditions and weak external demand, according to Atradius. Growth of private consumption and...
by Teuvo Tuomi | Mar 9, 2023 | Singapore, Business, Economy, News
Singapore’s economy should grow faster next year than this year, while inflation will likely ease this year and drop further in 2024, a quarterly survey of private sector economists by the Monetary Authority of Singapore (MAS) reveals. The forecasts for the...
by Teuvo Tuomi | Mar 7, 2023 | Laos, Economy, News
The year-on-year inflation in Laos soared to 41.3% in February, up from 40.3% in January, according to the latest report from the Lao Statistics Bureau. The 23-year record high has had a severe impact on the country’s economy over the past year. The depreciation...
by Teuvo Tuomi | Mar 5, 2023 | ASEAN, Business, Economy, Southeast Asia, Technology
According to the Asian Development Bank (ADB) and the International Monetary Fund (IMF), the Southeast Asian (SEA) economy is forecasted to grow by 4.7% in 2023, much faster than the global average of 2.7%. Some reports even suggest that ASEAN is on track to become...
by Teuvo Tuomi | Feb 28, 2023 | Economy, ASEAN, Business, Lifestyle, Southeast Asia, Vietnam
Vietnam’s rice exports are expected to benefit from high global demand, reaching 7 million tons this year, according to the Cong Thuong (Industry & Trade) newspaper. Improved quality is boosting importing countries’ demand for Vietnamese rice. Demand in...
