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Inflation May Be Heading Down in the Philippines: BSP

Inflation May Be Heading Down in the Philippines: BSP

by Teuvo Tuomi | Sep 1, 2024 | Economy, News, Philippines

In the Philippines, inflation might have gone down in August due to lower oil prices, a strong peso and more affordable rice, meat and fish, according to the latest forecast of the Bangko Sentral ng Pilipinas (BSP). The BSP projects inflation last month to have...
Vietnam Halves Registration Fees for Local Cars

Vietnam Halves Registration Fees for Local Cars

by Teuvo Tuomi | Aug 31, 2024 | Vietnam, Economy, Manufacturing, News

The registration fee for Vietnamese-made cars will be cut by 50% for three months starting in September, according to the government. This is for a fourth straight year that the cut is being implemented, but every time in the past it was only for six months. The...
Investments Up 161% in Cambodia: CDC

Investments Up 161% in Cambodia: CDC

by Teuvo Tuomi | Aug 31, 2024 | Cambodia, Business, Economy, News, Reports

From September 2023 to August 2024, the Council for the Development of Cambodia (CDC) approved 391 new and expanded projects. This amounts to over $7.5 billion in investment, created about 340,000 jobs. This is also an increase of 168 projects over the previous year....
China Has 1.1 Billion Internet Users

China Has 1.1 Billion Internet Users

by Teuvo Tuomi | Aug 30, 2024 | China, Entertainment, News, Technology

China’s internet users approached 1.1 billion at the end of June, up 7.42 million from December. Around 78% of mainland Chinese citizens were connected to the internet, and over one third of new internet users were drawn to short video applications as of June,...
Harley-Davidson to Move Some Production to Thailand

Harley-Davidson to Move Some Production to Thailand

by Teuvo Tuomi | Aug 29, 2024 | Business, Investment, News, Thailand, Trade

US motorcycle icon Harley-Davidson will move the production of three models to Thailand starting 2025. This decision that has caused concern among American customers and workers. The company says the Pan America, Sportster S, and Nightster models will be produced at...
Finnish Olympians Complain about Lack of Support

Finnish Olympians Complain about Lack of Support

by Teuvo Tuomi | Aug 29, 2024 | Finland, News, Sports

In an open letter published by Helsingin Sanomat, four Finnish athletes at the Paris Olympics admit that the results were disappointing. The games ended a 116-year medal streak for Finland in Summer Olympics. They welcomed the fact that also the organisations that...
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