by Teuvo Tuomi | Nov 9, 2024 | Business, Economy, News, Thailand
Thailand plans to increase the daily minimum wage to 400 baht next year, Labor Minister Phiphat Ratchakitprakarn says. Mr. Phiphat hopes that the National Wage Committee in its December meeting will decide to approve the wage increase. Increasing the minimum wage from...
by Teuvo Tuomi | Nov 3, 2024 | Bangkok, Economy, News
According to property developer Sena Development, more than half of Bangkokians find it difficult to purchase a house as their monthly salary is less than 30,000 baht (883 USD), while property prices have continued to rise. The company’s managing director, Kessara...
by Teuvo Tuomi | Nov 1, 2024 | Economy, Laos, News, Tourism, Travel
Vientiane Province in Laos is boosting tourism as a key economic driver, to attract over 1.3 million visitors by the end of 2025. Sisawat Sengphachan, Director General of the Department of Press, Culture, and Tourism of Vientiane, says that in the first nine months of...
by Teuvo Tuomi | Oct 30, 2024 | Economy, Indonesia, Inflation, Investment, News
Analysts are warning that Indonesia’s economy could start overheating if President Prabowo Subianto goes ahead with his plan to push the country’s gross domestic product growth to 8% per year. An overheating economy, when GDP grows unsustainably, could lead to...
by Teuvo Tuomi | Oct 28, 2024 | Business, Economy, Investment, Laos, News
During the first nine months of 2024, Vientiane’s five special economic zones (SEZs) attracted investments from 39 new domestic and foreign companies, totaling USD 622.59 million in capital investment and USD 224.51 million in registered capital. This exceeds the...
by Teuvo Tuomi | Oct 25, 2024 | ASEAN, Economy, News, Philippines, Reports, Southeast Asia, Vietnam
The International Monetary Fund (IMF) forecasts Vietnam’s economy to grow by 6.0% in 2024 and 6.8% in 2025, making it the fastest-growing economy among key ASEAN countries. The Philippines follows with projected growth rates of 5.8% in 2024 and 6.1% in 2025. Both...
