by Teuvo Tuomi | Dec 15, 2023 | Economy, News, Philippines
The Philippines is expected to be the growth leader in Southeast Asia, the Asian Development Bank’s (ADB) update Asian Development Outlook predicts. The country’s growth forecast for 2023 is kept at 5.7%. This makes the Philippines the top performer as the...
by Teuvo Tuomi | Dec 14, 2023 | Economy, Indonesia, News
Indonesia’s trade surplus is expected to narrow in November as exports are slowing. Also, imports will likely witness only marginal growth, a Reuters poll reveals. The poll shows trade surplus of $3.05 billion in November, compared with $3.48 billion in October....
by Teuvo Tuomi | Dec 14, 2023 | Economy, Myanmar, News
According to the World Bank, economic growth for Myanmar for the 2023-24 fiscal year will be 1%. Economic conditions have deteriorated in the past six months, even though some recovery was observed in the first half of 2023, the World Bank says. As macroeconomic...
by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia
According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....
by Teuvo Tuomi | Dec 12, 2023 | China, News, Technology, Thailand
The 40th Thailand International Motor Expo ended yesterday (December 11) in Nonthaburi. The vehicle bookings saw a significant surge with 53,248 units sold. Japanese automaker Toyota again retained its crown for most booked brand, with 7,245 units being reserved....
by Teuvo Tuomi | Dec 10, 2023 | Laos, China, Economy, News
An alarming debt crisis has unfolded in Laos, raising worries about the nation’s obligations to its biggest creditors like China. A majority of Laos’ public debt, which the IMF estimates is 122% of GDP this year, is owed to China due to infrastructure...
