by Teuvo Tuomi | Jun 2, 2024 | Economy, Energy, Food & Drinks, Inflation, News, Philippines
Inflation in the Philippines may have exceeded the government’s target in May, the Bangko Sentral ng Pilipinas (BSP) reports. The BSP estimates last month’s inflation rate to have settled between 3.7-4.5% compared to 3.8% in April. The price increases have been...
by Teuvo Tuomi | May 10, 2024 | News, China, Energy, Technology
China’s Ministry of Industry and Information Technology plans to launch a major update to guide the production capacity of lithium-ion batteries. Industry experts say this will knock out some low-end battery cells and accelerate the country’s high-end...
by Teuvo Tuomi | Apr 18, 2024 | News, Economy, Energy, Malaysia
The plan to remove blanket fuel subsidies this year is on track, Malaysian Economy Minister Rafizi Ramli says. The move is to reduce the national fiscal deficit. Last year, Rafizi announced the targeted RON95 subsidy program in the second half of 2024 to optimize its...
by Teuvo Tuomi | Mar 27, 2024 | News, Business, Economy, Energy, Technology, Thailand, Vietnam
Vietnamese automaker VinFast plans to start selling its electric vehicles (EVs) in Thailand. It has already made deals with dealers to open showrooms in the country. VinFast faces stiff competition in Thailand from Chinese automakers like BYD and also Tesla, who are...
by Teuvo Tuomi | Mar 7, 2024 | Energy, Laos, News, Technology
Vietnam Electricity (EVN) has received proposals from seven wind farm investors in Laos aiming to sell electricity to Vietnam, totaling nearly 4,150 megawatts (MW). According to Vietnam’s Ministry of Industry and Trade (MoIT), the wind power from Laos would be...
by Teuvo Tuomi | Feb 9, 2024 | Energy, Environment, News, Thailand
Thailand’s Department of Mineral Fuels will open bidding for petroleum exploration projects in nine terrestrial fields across the country before the end of this year, hoping to find petroleum, natural gas, and crude oil. Seven of these fields are in the...
