by Teuvo Tuomi | Jan 16, 2024 | Cambodia, Economy, News
Cambodia exported about 11 billion US dollars worth of garment, footwear, and travel products in 2023, decreasing 12%, the General Department of Customs and Excise reports. Apparel and textiles accounted for over 8 billion dollars in 2023, a drop of 11% from a year...
by Teuvo Tuomi | Jan 15, 2024 | Asia, Economy, News, Visions
Since 2020, the richest five men in the world have doubled their fortunes, Oxfam reports. At the same time, almost five billion people globally have become poorer. Hardship and hunger are a daily reality for many people worldwide. At current rates, it will take 230...
by Teuvo Tuomi | Jan 14, 2024 | Laos, News, Technology
Lao Telecom has officially unveiled Laos’s first-ever 5G high-speed internet service. 5G offers up to 20 Gbps peak data rates and over 100 Mbps average rates. With increased capacity, it supports a hundred times surge in traffic, enhancing network efficiency and...
by Teuvo Tuomi | Jan 12, 2024 | Economy, News
The World Bank forecasts just 2.4% global economic growth year on year in 2024. High interest rates remain a major factor. Excluding the contraction of the global economy in 2020 due to the impact of the COVID-19 pandemic, the growth rate of 2024 will be the lowest...
by Teuvo Tuomi | Jan 11, 2024 | Lifestyle, Health, News, Thailand
The first Southeast Asian nation to decriminalize cannabis in 2021, Thailand created an industry worth up to a projected 1.2 billion dollars, at the same time leaving loopholes for recreational use. Insufficient regulation has led Thai authorities to propose a new...
by Teuvo Tuomi | Jan 10, 2024 | ASEAN, Economy, News, Southeast Asia
The Asian Development Bank (ADB) has lowered the growth outlook for Southeast Asia in 2023 from 4.6% to 4.3%. This is mainly due to weak demand for manufacturing exports. Southeast Asia’s growth forecast for 2024 has also been revised down to 4.7% from 4.8% because of...
