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ADB Lowers Growth Forecast for SEA

ADB Lowers Growth Forecast for SEA

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...
Capital A Plans to Sell Budget Airline AsiaAsia

Capital A Plans to Sell Budget Airline AsiaAsia

by Teuvo Tuomi | Jan 9, 2024 | Travel, ASEAN, Malaysia, News, Southeast Asia

Malaysia conglomerate Capital A says it plans to sell its budget airline AirAsia to its medium-haul affiliate AirAsia X in a bid to streamline operations. Under the terms of the non-binding agreement, AirAsia Malaysia and AirAsia subsidiaries in Cambodia, Thailand,...
ADB Sees Growth Slowing in Southeast Asia

ADB Sees Growth Slowing in Southeast Asia

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%....
SEA Embraces Digital Payment Systems

SEA Embraces Digital Payment Systems

by Teuvo Tuomi | Dec 11, 2023 | ASEAN, Digitalization, Southeast Asia, Technology

Southeast Asia is shifting toward digital payments and other innovations in digital services, thanks to an acceleration in digital transformation during the pandemic, accounting and consulting firm PwC reports. Widespread mobile ownership, together with rapid...
Money Laundering Still an Issue in ASEAN

Money Laundering Still an Issue in ASEAN

by Teuvo Tuomi | Nov 21, 2023 | ASEAN, Business, Crime, Myanmar, News, Singapore, Southeast Asia

Published annually, the Basel AML Index ranks countries with sufficient data to calculate a reliable risk score. It is a snapshot of global money laundering (ML) and terrorist financing (TF) risks and progress by countries and regions. According to this year’s...
Nordic Countries Shine in Competitiveness Ranking

Nordic Countries Shine in Competitiveness Ranking

by Teuvo Tuomi | Nov 16, 2023 | Asia, ASEAN, Economy, Education, Finland, News, Southeast Asia

European countries continue to dominate the Global Talent Competitiveness Index (GTCI) rankings, taking 17 of the top 25 positions. Switzerland retains its first-place position for the tenth consecutive year, followed by Singapore. Once again, Nordic countries are...
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