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Indonesia Issues Incentives for New Capital

Indonesia Issues Incentives for New Capital

by Teuvo Tuomi | Mar 23, 2023 | Indonesia, Economy, News, Southeast Asia, Technology

Indonesia has issued various incentives to attract investments into its new capital city, Nusantara. The incentives range from income tax holidays to import tax exemptions as well as the permission to hire foreign workers for up to 10 years. Nusantara is estimated to...
Thai Curries Topping World Stew Rankings

Thai Curries Topping World Stew Rankings

by Teuvo Tuomi | Mar 21, 2023 | Thailand, Culture, Food & Drinks, Lifestyle, News, Southeast Asia

TasteAtlas has placed Phanaeng curry at the top of the Best Stews in the World ranking, with a 4.8 score out of 5. The website describes Phanaeng curry as a variety of Thai curry that is characterized by its thick texture and a salty-sweet peanut flavor, consisting of...
Japan Aims to Get CSP Status

Japan Aims to Get CSP Status

by Teuvo Tuomi | Mar 16, 2023 | ASEAN, Asia, Economy, Environment, Japan, Southeast Asia

Japan plans to apply for ASEAN comprehensive strategic partnership (CSP) status, to commemorate the 50th anniversary of Japan and ASEAN Relations. Japan had already submitted a concept paper to the ASEAN Secretariat about its upcoming plan regarding the application...
ASEAN-5 Is Facing Slower Growth

ASEAN-5 Is Facing Slower Growth

by Teuvo Tuomi | Mar 11, 2023 | ASEAN, Business, Economy, Southeast Asia

With the exception of Thailand, the five largest economies in Southeast Asia (ASEAN-5) will show lower growth this year. The main reasons for this are tight financial conditions and weak external demand, according to Atradius. Growth of private consumption and...
ASEAN’s Growth Remains Robust

ASEAN’s Growth Remains Robust

by Teuvo Tuomi | Mar 5, 2023 | ASEAN, Business, Economy, Southeast Asia, Technology

According to the Asian Development Bank (ADB) and the International Monetary Fund (IMF), the Southeast Asian (SEA) economy is forecasted to grow by 4.7% in 2023, much faster than the global average of 2.7%. Some reports even suggest that ASEAN is on track to become...
Demand for Vietnamese Rice Remains High

Demand for Vietnamese Rice Remains High

by Teuvo Tuomi | Feb 28, 2023 | Economy, ASEAN, Business, Lifestyle, Southeast Asia, Vietnam

Vietnam’s rice exports are expected to benefit from high global demand, reaching 7 million tons this year, according to the Cong Thuong (Industry & Trade) newspaper. Improved quality is boosting importing countries’ demand for Vietnamese rice. Demand in...
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