by Teuvo Tuomi | Jan 29, 2025 | China, AI, Innovation, Investment, News, Technology
China’s newest AI model, DeepSeek, has surged to the top of the free app download charts in the United States region of the Apple App Store, surpassing the once-dominant ChatGPT. It also secured the number one spot on the free app rankings in China. On 20 January,...
by Teuvo Tuomi | Jan 17, 2025 | Indonesia, Investment, News, Reports, Technology
Indonesia’s standard VAT rate rose to 12% in January. This adjustment targets luxury goods and services while maintaining exemptions for essentials like staple foods and healthcare. For businesses, this change represents both a compliance challenge and an opportunity...
by Teuvo Tuomi | Dec 18, 2024 | Business, Indonesia, Investment, News, Reports, Visas
Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration. “The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the...
by Teuvo Tuomi | Dec 6, 2024 | Singapore, Investment, Lifestyle, News, Research, Society
Billionaires worth more than US$400 billion (S$536 billion) have emigrated in the past four years, with the Middle East and Africa region attracting the most super-rich. Singapore is host to 47 billionaires with a combined wealth of US$155.5 billion, according to the...
by Jukka-Pekka Karppanen | Nov 27, 2024 | Health, ASEAN, Finland, Hua Hin, Innovation, Investment, Partners, Thailand, Visions
In just five years, Jintana Herb Sauna has become one of Thailand’s premier sauna and wellness brands, offering a unique combination of traditional Finnish sauna culture and Thailand’s revered herbal sauna practices. Founded by Finnish entrepreneur Erkki...
by Teuvo Tuomi | Nov 23, 2024 | ASEAN, Business, Economy, Indonesia, Investment, Malaysia, News, Southeast Asia
Despite funds raised through initial public offerings (IPO) in South-east Asia have fallen to a nine-year low, the region’s capital markets seem to remain optimistic. There have been 122 IPOs in 2024 so far on the region’s key stock exchanges, comprising Singapore,...
