by Teuvo Tuomi | Mar 15, 2025 | Economy, Investment, News, Reports, Thailand
Strategists warn that a boost from gold prices won’t be enough to protect Thai baht as tariff risks and interest-rate cuts start to bite. The baht is up around 1.2% against the dollar this year, more than double the gain of other main Asian currencies. A key reason is...
by Teuvo Tuomi | Jan 20, 2025 | Economy, Equality, Indonesia, News, Reports
Indonesia has a historically low poverty rate, according to the latest survey conducted by Statistics Indonesia (BPS). However, inequality has worsened. The poverty rate for September was at 8.57%, the first time the indicator has ever dropped below 9%. “This is the...
by Teuvo Tuomi | Jan 17, 2025 | Indonesia, Investment, News, Reports, Technology
Indonesia’s standard VAT rate rose to 12% in January. This adjustment targets luxury goods and services while maintaining exemptions for essentials like staple foods and healthcare. For businesses, this change represents both a compliance challenge and an opportunity...
by Teuvo Tuomi | Jan 9, 2025 | China, Energy, News, Reports, Sustainability
China’s lithium reserves have nearly tripled to make it the world’s second-largest holder of the key metal for renewable energy technology, Xinhua reports. The country now has 16.5% of global reserves, behind only Chile. It has moved ahead of Australia, Argentina and...
by Teuvo Tuomi | Dec 18, 2024 | Business, Indonesia, Investment, News, Reports, Visas
Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration. “The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the...
by Teuvo Tuomi | Dec 17, 2024 | Vietnam, Climate, Environment, News, Reports, Technology
Transition to a carbon-neutral electricity system by 2050 could help Vietnam save about 26 billion euros per year, according to Finnish technology group Wärtsila, a global leader in innovative technologies and lifecycle solutions for the marine and energy markets....
