by Teuvo Tuomi | Dec 30, 2024 | Economy, News, Singapore, Vietnam
According to the UK-based Centre for Economics and Business Research (CEBR), Vietnam’s GDP will surpass Singapore’s in five years, reaching $676 billion by 2029. By 2039, Vietnam’s GDP could rise to $1.41 trillion, ranking 25th worldwide and becoming Southeast Asia’s...
by Teuvo Tuomi | Dec 6, 2024 | Singapore, Investment, Lifestyle, News, Research, Society
Billionaires worth more than US$400 billion (S$536 billion) have emigrated in the past four years, with the Middle East and Africa region attracting the most super-rich. Singapore is host to 47 billionaires with a combined wealth of US$155.5 billion, according to the...
by Teuvo Tuomi | Oct 15, 2024 | Digitalization, ASEAN, Malaysia, News, Singapore, Southeast Asia, Technology, Thailand
Southeast Asia is emerging as an ideal region for tech operators to establish a data center base. Singapore, Malaysia, Thailand, Indonesia, and Vietnam are the top five countries. Singapore is the preferred destination for hosting data centers due to its superior...
by Teuvo Tuomi | Oct 5, 2024 | Business, Economy, News, Retailing, Singapore
Retail sales in Singapore rose by 0.6% in August from the same month a year ago, according to Department of Statistics data. This was higher than the 0.2% increase forecast by analysts in a Bloomberg poll. However, excluding motor vehicle sales, August’s retail...
by Teuvo Tuomi | Sep 9, 2024 | Singapore, Business, News, Sustainability, Technology
Singapore is forecast to have the largest share of passenger electric vehicles (EVs), 80% of all vehicles, in Southeast Asia by 2040, according to BloombergNEF. Meanwhile, the regional average is expected to be only 24%. Thailand, in second place, is forecast to have...
by Teuvo Tuomi | Sep 7, 2024 | News, Infrastructure, Investment, Singapore, Travel
The construction of Singapore’s Changi Airport Terminal 5 (T5) will start in the first half of 2025, Prime Minister Lawrence Wong confirms. The new terminal will be operational in the mid-2030s. When the mega terminal is operational, Singapore aims to be linked...
