by Teuvo Tuomi | Oct 7, 2024 | Vietnam, Business, Economy, News
Vietnam’s gross domestic product (GDP) increased by 7.4% during the 3rd quarter of this year despite damage caused by Typhoon Yagi, the General Statistics Office (GSO) reports. The industry, construction, and service sectors remain strong, with a growth rate of 9.1%...
by Teuvo Tuomi | Oct 6, 2024 | Bangkok, Environment, Infrastructure, Lifestyle, News, Thailand, Visions
For 2024, Bangkok’s district offices aim to develop 124 kilometres of roads, install and upgrade 31,900 streetlights, set up and improve 9,500 canal lights, plant 200,000 trees, improve traffic congestion spots, and create 153 “15-minute” parks, Bangkok Governor...
by Teuvo Tuomi | Oct 5, 2024 | Business, Economy, News, Retailing, Singapore
Retail sales in Singapore rose by 0.6% in August from the same month a year ago, according to Department of Statistics data. This was higher than the 0.2% increase forecast by analysts in a Bloomberg poll. However, excluding motor vehicle sales, August’s retail...
by Teuvo Tuomi | Oct 5, 2024 | Energy, Environment, Indonesia, Investment, News, Sustainability, Technology
The Indonesian government has relaxed the local content requirements (LCR) for developing electricity infrastructure to attract funding for renewable energy projects from international development banks. Indonesia is targeting a renewable energy mix of 23% by 2025,...
by Teuvo Tuomi | Oct 5, 2024 | ASEAN, Asia, Economy, News, Reports
This year’s growth forecast for the ASEAN plus three economies – including also China and Hong Kong, Japan and South Korea – has weakened from 4.4% to 4.2%, according to the Asean+3 Macroeconomic Research Office (Amro). Amro has revised its 2024 growth expectations...
by Teuvo Tuomi | Oct 4, 2024 | Digitalization, AI, Japan, News, Technology
The Japan Fair Trade Commission (JFTC) will launch a fact-finding survey on the generative artificial intelligence market. Some are concerned about the impact of generative AI on domestic firms, as U.S. IT giants and other firms are increasingly sequestering the data,...
