by Teuvo Tuomi | Jun 20, 2024 | ASEAN, AI, Business, Innovation, News, Reports, Southeast Asia, Technology, Visions
Recently published “Asia Pacific Tech Spend Forecast” expects tech spending in the region to remain robust and grow by a compounded annual growth rate of 6.4% to 7.4% annually, reaching US$876 billion in 2027. Over the next few years, software spending would continue...
by Teuvo Tuomi | Jun 20, 2024 | News, ASEAN, OECD, Thailand, Trade
The OECD Council has unanimously decided to commence the accession process with Thailand. Thailand has now attained the status of an OECD Accession Country. Joining the 38-nation group would enable Thailand to play a more prominent role on the global stage and elevate...
by Teuvo Tuomi | Jun 19, 2024 | Malaysia, News, Southeast Asia, Trade, Visions
Malaysia will soon begin formal procedures to join the intergovernmental organization BRICS (Brazil, Russia, India, China, and South Africa), according to Prime Minister Datuk Seri Anwar Ibrahim. “We have made the appropriate decision. We will launch the formal...
by Teuvo Tuomi | Jun 18, 2024 | ASEAN, Asia, Indonesia, Lifestyle, News, Reports, Singapore, South Korea, Southeast Asia, Thailand, Travel
Tourists from Singapore, Indonesia, and Thailand are among the 10 biggest spenders in Asia while traveling abroad, according to British website Merchant Machine. The average South Koreans spend $3,040 when they go on holiday abroad, more than any other people in Asia....
by Teuvo Tuomi | Jun 18, 2024 | Cambodia, Business, Infrastructure, Investment, News, Trade, Transportation, Travel
In an effort to transform Cambodia into a regional investment hub, the government has launched the Comprehensive Intermodal Transport Master Plan (CIT-MP) to modernize and upgrade infrastructure and logistics systems nationwide. The CIT-MP prioritizes 174 projects in...
by Teuvo Tuomi | Jun 17, 2024 | Vietnam, Food & Drinks, Health, Lifestyle, News, Society, Taxation
Vietnam’s Finance Ministry is proposing a hike in special consumption tax on alcoholic drinks to 100% by 2030. Under the draft, the tax on beer and strong liquor will first be raised to 70-80% by 2026 from the current 65%. “Alcoholic drinks and beer prices...
